The rent prices in real estate in Jupiter, in the Florida region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Jupiter has had a strong fall during the last 6 months. In July, the average price per sq.feet was $7.02. In the following month the price per sq.feet fell considerably to $1.66. The price for the following two months in (September, October) had a considerable fall of 38 with regard to the previous two months. The price per sq.feet has had a considerable fall of 56 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $3 to $1.67 during November, and December.
When referring to the price in Jupiter (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $1,896. In August This price remains at $1,832. In the following two months the average price has hardly changed with regard to the previous two months from $1,864 to $1,908.5. Based on an analysis of the first four prices and the last two months the average price has increased 110 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $2,176 they are 20 % more affordable than the average price for Jupiter . The properties with the highest average price have 4 bedrooms, Their price is 108 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,542.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.54 / sq.feet, with an average $1.64 / sq.feet price in Jupiter. The properties with the most expensive average prices have 4 bedrooms. They are 144 % more expensive than the average followed by properties with 1 bedroom with a price at $1.94 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $2,176 it is 26 % more affordable than the average price in Jupiter. "House" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "Condo". At a price of $2,270 it is 14 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1 / sq.feet followed by "House" priced at $9 / sq.feet. "Apartment" is the most expensive type of property with a $74 / sq.feet value followed by "Townhouse" with an average price of $34 / sq.feet.