The rent prices in real estate in North Fort Myers, in the Florida region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in North Fort Myers has had a strong fall during the last 6 months. In May, the average price per sq.feet was $11.17. In the following month the price per sq.feet fell to $9.56. The price for the following two months in (July, August) had a considerable fall of 78 with regard to the previous two months. The price per sq.feet has had a considerable fall of 13 % 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 $9.24 to $1.17 during September, and October.
When referring to the price in North Fort Myers (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during May, is $5,402. During June the price went through a considerable rise reaching $7,546. During the following two months (July, August) the average price had a considerable fall of 21 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $3,910 to $1,155.5, which means a 30 % 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 $1,173 they are 17 % more affordable than the average price for North Fort Myers . The properties with the highest average price have 4 bedrooms, Their price is 23 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,379.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $0.99 / sq.feet, with an average $1.12 / sq.feet price in North Fort Myers. The properties with the most expensive average prices have 4 bedrooms. They are 2668 % more expensive than the average followed by properties with 1 bedroom with a price at $1.24 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most expensive one. At an cost of $1,173 it is 16 % more expensive than the average price in North Fort Myers. "Farm" is seen as the second most expensive property type. The most expensive property type is "Townhouse" followed by "House". At a price of $1,448 it is 29 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Townhouse" at an average price of $10 / sq.feet followed by "Farm" priced at $26 / sq.feet. "Condo" is the most expensive type of property with a $33 / sq.feet value followed by "House" with an average price of $31 / sq.feet.