The rent prices in real estate in New Smyrna 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 New Smyrna Beach has risen strongly during the last 6 months. In November, the average price per sq.feet was $6.88. In the following month the price per sq.feet rose considerably to $23.9. The price for the following two months in (January, February) had a considerable fall of 47 with regard to the previous two months. The price per sq.feet has had a considerable fall of 18 % 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 $11.27 to $2.01 during March, and April.
When referring to the price in New Smyrna Beach (cities), there have hardly been any changes in the last 6 months. The rent price in November is $1,778, rising in December till $1,879. During the following two months (January, February) the price has had an average rise from $1,828.5 to $1,928.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $1,878.5 to $1,746 in March and April.
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 $1,682 they are 50 % more affordable than the average price for New Smyrna Beach . The properties with the highest average price have 4 bedrooms, Their price is 221 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,039.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.28 / sq.feet, with an average $1.35 / sq.feet price in New Smyrna Beach. The properties with the most expensive average prices have 4 bedrooms. They are 281 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.53 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,682 it is 27 % more affordable than the average price in New Smyrna 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 $1,607 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.26 / sq.feet followed by "Apartment" priced at $1.72 / sq.feet. "Condo" is the most expensive type of property with a $103 / sq.feet value followed by "Commercial" with an average price of $31 / sq.feet.