Property prices for rent in Margate (Florida)
The rent prices in real estate in Margate, 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 Margate has risen strongly during the last 6 months. In October, the average price per sq.feet was $5.7. In the following month the price per sq.feet rose considerably to $8.76. In the following two months the price per sq.feet has practically remained the same, going from $7.23 to $7.05 per sq.feet. The price per sq.feet has had a considerable rise of 133 % 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 $7.14 to $9.49 during February, and March.
When referring to the price in Margate (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is $2,323. In November This price remains at $2,434. During the following two months (December, January) the average price fell 89 % with regard to the previous two months. 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 $2,242.75 and $2,190 between February and March.
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 $2,250 they are 27 % more affordable than the average price for Margate . The properties with the highest average price have 4 bedrooms, Their price is 75 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,249.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.02 / sq.feet, with an average $12.27 / sq.feet price in Margate. The properties with the most affordable average prices have 1 bedroom. They are 81 % more affordable than the average followed by properties with 3 bedrooms with a price at $2.21 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $2,250 it is 18 % more affordable than the average price in Margate. "Villa" is seen as the second most affordable property type. The most expensive property type is "Detached House" followed by "Apartment". At a price of $3,477 it is 60 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Detached House" at an average price of $1 / sq.feet followed by "Condo" priced at $2.11 / sq.feet. "Apartment" is the most expensive type of property with a $23.55 / sq.feet value followed by "Townhouse" with an average price of $21.94 / sq.feet.
