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 March, the average price per sq.feet was $2.64. In April this price barely changed remaining at $2.66 per sq.feet. The price for the following two months in (May, June) had a considerable rise of 488 %. The price per sq.feet has had a considerable rise of 391 % 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 $7.79 to $30.48 during July, and August.
When referring to the price in Miami Beach (cities), this has risen considerably in the last 6 months. The average price for March is $2,713. During April the price had a slight fall till $2,553. During the following two months (May, June) the average price had a considerable rise of 118 % 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 140 % 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 $3,699 they are 55 % more affordable than the average price for Miami Beach . The properties with the highest average price have 4 bedrooms, Their price is 207 % more expensive than the average. After that we have properties with 3 bedrooms priced at $5,495.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.23 / sq.feet, with an average $28.46 / sq.feet price in Miami Beach. The properties with the most expensive average prices have 4 bedrooms. They are 43 % more expensive than the average followed by properties with 1 bedroom with a price at $6.23 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $3,699 it is 59 % more affordable than the average price in Miami Beach. "Duplex" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Townhouse". At a price of $5,933 it is 89 % 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 $0.34 / sq.feet followed by "Condo" priced at $2.45 / sq.feet. "Townhouse" is the most expensive type of property with a $40.04 / sq.feet value followed by "Villa" with an average price of $17.74 / sq.feet.