The rent prices in real estate in Merritt Island, in the Florida region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Merritt Island has barely changed in the last 6 months. In September, the average price per sq.feet was $1.43. In October this price barely changed remaining at $1.39 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.41 to $1.43 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $1.42 to $1.45 during January y February
When referring to the price in Merritt Island (cities), this has fallen in the last 6 months. The average price for September is $1,846. During October the price had a slight fall till $1,718. During the following two months (November, December) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $1,731.5 to $1,635.5 in January and February.
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 $1,689 they are 4 % more affordable than the average price for Merritt Island . The properties with the lowest average price have 2 bedrooms, Their price is 3 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,617.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of $15 / sq.feet, with an average $1.55 / sq.feet price in Merritt Island. The properties with the most expensive average prices have 2 bedrooms. They are 1642 % more expensive than the average followed by properties with 1 bedroom with a price at $15 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,689 it is 4 % more affordable than the average price in Merritt Island. "Commercial" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $1,643 it is 55 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Townhouse" at an average price of $21 / sq.feet followed by "Commercial" priced at $22 / sq.feet. "House" is the most expensive type of property with a $27 / sq.feet value followed by "Commercial" with an average price of $22 / sq.feet.