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 May, the average price per sq.feet was $1.26. In June this price barely changed remaining at $1.23 per sq.feet. The price for the following two months in (July, August) had a considerable rise of 118 %. The price per sq.feet has had a considerable rise of 144 % 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 $1.36 to $1.96 during September, and October.
When referring to the price in New Smyrna Beach (cities), this has risen considerably in the last 6 months. In our first sample month during May, the average price is $1,646. In June This price remains at $1,592. During the following two months (July, August) the price has had an average rise from $1,619 to $1,796.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 145 % 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 $2,445 they are 31 % more affordable than the average price for New Smyrna Beach . The properties with the highest average price have 4 bedrooms, Their price is 73 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,597.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.69 / sq.feet, with an average $1.9 / sq.feet price in New Smyrna Beach. The properties with the most expensive average prices have 1 bedroom. They are 24 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.26 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,445 it is 50 % 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 "Land". At a price of $2,055 it is 10 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $1.4 / sq.feet followed by "House" priced at $2.23 / sq.feet. "Commercial" is the most expensive type of property with a $30 / sq.feet value followed by "Condo" with an average price of $7.97 / sq.feet.