The rent prices in real estate in Miami Beach, 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 Miami Beach has risen strongly during the last 6 months. In January, the average price per sq.feet was $4.08. In the following month the price per sq.feet rose considerably to $8.78. The price for the following two months in (March, April) had a considerable rise of 442 %. 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 $17.43 to $17.14 during May y June
When referring to the price in Miami Beach (cities), this has risen considerably in the last 6 months. In our first sample month during January, the average price is $2,429. In February This price remains at $2,521. During the following two months (March, April) the average price had a considerable rise of 185 % 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 173 % 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 $6,786 they are 64 % more affordable than the average price for Miami Beach . The properties with the highest average price have 4 bedrooms, Their price is 211 % more expensive than the average. After that we have properties with 3 bedrooms priced at $16,017.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $3.39 / sq.feet, with an average $20.34 / sq.feet price in Miami Beach. The properties with the most affordable average prices have 3 bedrooms. They are 64 % more affordable than the average followed by properties with 4 bedrooms with a price at $6.73 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $6,786 it is 57 % more affordable than the average price in Miami Beach. "Triplex" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Townhouse". At a price of $17,619 it is 274 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Triplex" at an average price of $2.86 / sq.feet followed by "Condo" priced at $3.13 / sq.feet. "Villa" is the most expensive type of property with a $84.19 / sq.feet value followed by "Townhouse" with an average price of $67.67 / sq.feet.