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 October, the average price per sq.feet was $4.06. In the following month the price per sq.feet rose considerably to $14.62. The price for the following two months in (December, January) had a considerable rise of 143 %. The price per sq.feet has had a considerable fall of 27 % 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 $11.34 to $3.03 during February, and March.
When referring to the price in Miami Beach (cities), this has risen considerably in the last 6 months. The rent price in October is $1,904, rising in November till $2,112. During the following two months (December, January) the price has had an average rise from $2,008 to $2,165.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 131 % 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 $2,713 they are 29 % more affordable than the average price for Miami Beach . The properties with the highest average price have 4 bedrooms, Their price is 266 % more expensive than the average. After that we have properties with 3 bedrooms priced at $5,070.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.2 / sq.feet, with an average $2.64 / sq.feet price in Miami Beach. The properties with the most expensive average prices have 4 bedrooms. They are 1299 % more expensive than the average followed by properties with 1 bedroom with a price at $2.48 / sq.feet.
The graph displaying the average rent prices displays the property type "Duplex" as the most affordable one. At an cost of $2,713 it is 43 % more affordable than the average price in Miami Beach. "House" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Commercial". At a price of $5,076 it is 121 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Duplex" at an average price of $0.24 / sq.feet followed by "Condo" priced at $2.2 / sq.feet. "Commercial" is the most expensive type of property with a $10.94 / sq.feet value followed by "Villa" with an average price of $10.24 / sq.feet.