The rent prices in real estate in Lakeland, 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 Lakeland has had a strong fall during the last 6 months. In May, the average price per sq.feet was $4.72. In the following month the price per sq.feet rose considerably to $5.96. The price for the following two months in (July, August) had a considerable fall of 62 with regard to the previous two months. The price per sq.feet has had a considerable fall of 23 % 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 $4.32 to $0.98 during September, and October.
When referring to the price in Lakeland (cities), this has risen in the last 6 months. The rent price in May is $1,170, rising in June till $1,260. In the following two months the average price has hardly changed with regard to the previous two months from $1,215 to $1,240.5. Based on an analysis of the first four prices and the last two months the average price has increased 106 % 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 $1,267 they are 33 % more affordable than the average price for Lakeland . The properties with the highest average price have 4 bedrooms, Their price is 39 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,424.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.88 / sq.feet, with an average $0.99 / sq.feet price in Lakeland. The properties with the most expensive average prices have 1 bedroom. They are 259 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.98 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of $1,267 it is 51 % more affordable than the average price in Lakeland. "House" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Condo". At a price of $1,396 it is 72 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Commercial" at an average price of $0.43 / sq.feet followed by "Apartment" priced at $0.62 / sq.feet. "Office" is the most expensive type of property with a $4 / sq.feet value followed by "House" with an average price of $1.11 / sq.feet.