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 . In the following month the price per sq.feet rose considerably to $93.78. The price for the following two months in (December, January) had a considerable rise of 144 %. The price per sq.feet has had a considerable fall of 9 % 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 $57.3 to $5.2 during February, and March.
When referring to the price in Miami Beach (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching $2,324. During the following two months (December, January) the average price had a considerable rise of 201 % 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 142 % 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 $2,534 they are 22 % more affordable than the average price for Miami Beach . The properties with the highest average price have 4 bedrooms, Their price is 339 % more expensive than the average. After that we have properties with 3 bedrooms priced at $6,862.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $4.04 / sq.feet, with an average $7.47 / sq.feet price in Miami Beach. The properties with the most expensive average prices have 4 bedrooms. They are 442 % more expensive than the average followed by properties with 1 bedroom with a price at $13.13 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $2,534 it is 10 % more affordable than the average price in Miami Beach. "Commercial" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $2,817 it is 151 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $2.61 / sq.feet followed by "House" priced at $37.92 / sq.feet. "Townhouse" is the most expensive type of property with a $148 / sq.feet value followed by "Commercial" with an average price of $125 / sq.feet.