The rent prices in real estate in Lithia, 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 Lithia has had a strong fall during the last 6 months. In November, the average price per sq.feet was $4.98. In the following month the price per sq.feet fell considerably to $1.23. The price for the following two months in (January, February) had a considerable fall of 39 with regard to the previous two months. The price per sq.feet has had a considerable fall of 64 % 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 $2.15 to $1.38 during March, and April.
When referring to the price in Lithia (cities), this has risen in the last 6 months. In our first sample month during November, the average price is $1,846. In December This price remains at $1,886. During the following two months (January, February) the price has had an average rise from $1,866 to $1,985.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,925.75 and $1,934 between March and April.
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 $2,024 they are 26 % more affordable than the average price for Lithia . The properties with the highest average price have 4 bedrooms, Their price is 19 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,111.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.01 / sq.feet, with an average $1.41 / sq.feet price in Lithia. The properties with the most expensive average prices have 1 bedroom. They are 44 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.49 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $2,024 it is 18 % more affordable than the average price in Lithia. "Apartment" is seen as the second most affordable property type. The most affordable property is "" followed by "Land". At a price of $1,767 it is 10 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $8 / sq.feet followed by "Condo" priced at $88 / sq.feet. "Apartment" is the most expensive type of property with a $112 / sq.feet value followed by "Condo" with an average price of $88 / sq.feet.