The rent prices in real estate in Marco Island, 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 Marco Island has risen strongly during the last 6 months. In July, the average price per sq.feet was $1.89. In the following month the price per sq.feet rose considerably to $37.88. The price for the following two months in (September, October) had a considerable fall of 17 with regard to the previous two months. The price per sq.feet has had a considerable fall of 37 % 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 $11.68 to $4.32 during November, and December.
When referring to the price in Marco Island (cities), this has risen considerably in the last 6 months. The rent price in July is $2,382, rising in August till $2,661. During the following two months (September, October) the average price had a considerable rise of 197 % 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 175 % 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 $6,904 they are 50 % more affordable than the average price for Marco Island . The properties with the highest average price have 4 bedrooms, Their price is 274 % more expensive than the average. After that we have properties with 3 bedrooms priced at $9,970.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $4.31 / sq.feet, with an average $4.45 / sq.feet price in Marco Island. The properties with the most expensive average prices have 4 bedrooms. They are 34 % more expensive than the average followed by properties with 1 bedroom with a price at $5.03 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $6,904 it is 44 % more affordable than the average price in Marco Island. "Condo" is seen as the second most affordable property type. The most affordable property is "House" followed by "Land". At a price of $4,620 it is 7 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $4.81 / sq.feet followed by "Condo" priced at $8 / sq.feet. "Land" is the most expensive type of property with a $37 / sq.feet value followed by "Condo" with an average price of $8 / sq.feet.