The rent prices in real estate in Miami, in the Florida region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Miami has risen during the last 6 months. In November, the average price per sq.feet was $2.23. In the following month the price per sq.feet rose to $2.42. In the following two months the price per sq.feet has risen 115 %, going from $2.33 to $2.67 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 $2.5 to $2.39 during March y April
When referring to the price in Miami (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $2,163. In December This price remains at $2,094. During the following two months (January, February) the price has had an average rise from $2,128.5 to $2,410. 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 $2,269.25 and $2,192.5 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 $2,171 they are 8 % more affordable than the average price for Miami . The properties with the highest average price have 4 bedrooms, Their price is 39 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,887.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.52 / sq.feet, with an average $2.37 / sq.feet price in Miami. The properties with the most expensive average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.26 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $2,171 it is 24 % more affordable than the average price in Miami. "House" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Apartment". At a price of $2,372 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $1.61 / sq.feet followed by "Condo" priced at $2.38 / sq.feet. "House" is the most expensive type of property with a $48.53 / sq.feet value followed by "Townhouse" with an average price of $5.36 / sq.feet.