The rent prices in real estate in Miami Beach, in the Florida region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Miami Beach has barely changed in the last 6 months. In September, the average price per sq.feet was $5.96. In the following month the price per sq.feet fell to $5.61. The price for the following two months in (November, December) fell 93 % with regard to the previous two months. The price per sq.feet has risen 115 % 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 $5.59 to $6.43 during January, and February.
When referring to the price in Miami Beach (cities), there have hardly been any changes in the last 6 months. The rent price in September is $2,748, rising in October till $3,005. During the following two months (November, December) the price has had an average rise from $2,876.5 to $3,106.5. During the last two months the average price has fallen greatly compared to the previous four going from $2,991.5 to $2,475, which means a 83 % fall.
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 $2,521 they are 25 % more affordable than the average price for Miami Beach . The properties with the highest average price have 4 bedrooms, Their price is 324 % more expensive than the average. After that we have properties with 3 bedrooms priced at $9,450.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $2.75 / sq.feet, with an average $8.78 / sq.feet price in Miami Beach. The properties with the most affordable average prices have 3 bedrooms. They are 41 % more affordable than the average followed by properties with 4 bedrooms with a price at $4.96 / sq.feet.
The graph displaying the average rent prices displays the property type "Duplex" as the most affordable one. At an cost of $2,521 it is 16 % more affordable than the average price in Miami Beach. "Condo" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Townhouse". At a price of $4,120 it is 750 % 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 $2.08 / sq.feet followed by "House" priced at $2.32 / sq.feet. "Townhouse" is the most expensive type of property with a $91.16 / sq.feet value followed by "Villa" with an average price of $67.65 / sq.feet.