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 March, the average price per sq.feet was $2. In April this price barely changed remaining at $2.09 per sq.feet. In the following two months the price per sq.feet has risen 109 %, going from $2.05 to $2.22 per sq.feet. The price per sq.feet has had a considerable rise of 931 % 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 $2.13 to $19.89 during July, and August.
When referring to the price in Marco Island (cities), this has risen considerably in the last 6 months. The average price during our first sample month during March, is $1,387. During April the price went through a considerable rise reaching $2,369. During the following two months (May, June) the average price had a considerable rise of 126 % 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 119 % 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 $2,661 they are 26 % more affordable than the average price for Marco Island . The properties with the highest average price have 3 bedrooms, Their price is 105 % more expensive than the average. After that we have properties with 4 bedrooms priced at $3,900.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $12 / sq.feet, with an average $37.88 / sq.feet price in Marco Island. The properties with the most expensive average prices have 3 bedrooms. They are 122 % more expensive than the average followed by properties with 2 bedrooms with a price at $15 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most expensive one. At an cost of $2,661 it is 10 % more expensive than the average price in Marco Island. "" is seen as the second most expensive property type. The most expensive property type is "Land" followed by "Condo". At a price of $4,156 it is 74 % 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 $7 / sq.feet followed by "House" priced at $23 / sq.feet. "Land" is the most expensive type of property with a $41 / sq.feet value followed by "House" with an average price of $23 / sq.feet.