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 October, the average price per sq.feet was $18.12. In November this price barely changed remaining at $18.09 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 71 with regard to the previous two months. The price per sq.feet has risen 106 % 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 $15.45 to $16.42 during February, and March.
When referring to the price in Jupiter (cities), there have hardly been any changes in the last 6 months. The average price during our first sample month during October, is $4,688. During November the price went through a considerable rise reaching $5,619. During the following two months (December, January) the average price fell 92 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 87 %, going from $4,948.25 to $4,309.5 in February and March.
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 $4,260 they are 36 % more affordable than the average price for Jupiter . The properties with the highest average price have 4 bedrooms, Their price is 68 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,527.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.7 / sq.feet, with an average $19.72 / sq.feet price in Jupiter. The properties with the most affordable average prices have 1 bedroom. They are 81 % more affordable than the average followed by properties with 4 bedrooms with a price at $3.1 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $4,260 it is 25 % more affordable than the average price in Jupiter. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Detached House" followed by "Villa". At a price of $6,269 it is 158 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $2.59 / sq.feet followed by "Detached House" priced at $4 / sq.feet. "House" is the most expensive type of property with a $35.86 / sq.feet value followed by "Villa" with an average price of $33.84 / sq.feet.