The rent prices in real estate in Key Largo, 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 Key Largo has had a strong fall during the last 6 months. In October, the average price per sq.feet was $10.19. In the following month the price per sq.feet fell to $9.67. The price for the following two months in (December, January) had a considerable fall of 80 with regard to the previous two months. The price per sq.feet has fallen 90 % 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 $8.92 to $8.02 during February, and March.
When referring to the price in Key Largo (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $5,638. In November This price remains at $5,860. In the following two months the average price has hardly changed with regard to the previous two months from $5,749 to $5,963. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $5,856 to $5,533.5 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 $5,167 they are 36 % more affordable than the average price for Key Largo . The properties with the highest average price have 4 bedrooms, Their price is 86 % more expensive than the average. After that we have properties with 3 bedrooms priced at $5,104.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $3.32 / sq.feet, with an average $6.99 / sq.feet price in Key Largo. The properties with the most affordable average prices have 1 bedroom. They are 23 % more affordable than the average followed by properties with 4 bedrooms with a price at $5.07 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $5,167 it is 60 % more affordable than the average price in Key Largo. "Condo" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "House". At a price of $5,903 it is 35 % 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 $2.65 / sq.feet followed by "Apartment" priced at $3 / sq.feet. "Land" is the most expensive type of property with a $44.83 / sq.feet value followed by "Villa" with an average price of $4.5 / sq.feet.