The rent prices in real estate in Key West, in the Florida region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Key West has risen strongly during the last 6 months. In October, the average price per sq.feet was $4.95. In November this price barely changed remaining at $4.88 per sq.feet. The price for the following two months in (December, January) had a considerable rise of 136 %. The price per sq.feet has had a considerable rise of 154 % 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 $5.81 to $8.97 during February, and March.
When referring to the price in Key West (cities), this has risen considerably in the last 6 months. The average price for October is $4,211. During November the price had a slight fall till $3,894. During the following two months (December, January) the average price had a considerable rise of 213 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 252 % 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 $16,639 they are 83 % more affordable than the average price for Key West . The properties with the highest average price have 4 bedrooms, Their price is 164 % more expensive than the average. After that we have properties with 3 bedrooms priced at $25,937.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $4.73 / sq.feet, with an average $9.2 / sq.feet price in Key West. The properties with the most expensive average prices have 3 bedrooms. They are 73 % more expensive than the average followed by properties with 4 bedrooms with a price at $14.64 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $16,639 it is 81 % more affordable than the average price in Key West. "Condo" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "House". At a price of $20,127 it is 98 % 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 $3.81 / sq.feet followed by "House" priced at $8.65 / sq.feet. "Detached House" is the most expensive type of property with a $111 / sq.feet value followed by "Land" with an average price of $26.39 / sq.feet.