The rent prices in real estate in North 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 North Miami Beach has risen strongly during the last 6 months. In September, the average price per sq.feet was $2.38. In the following month the price per sq.feet rose considerably to $2.82. In the following two months the price per sq.feet has risen 107 %, going from $2.6 to $2.79 per sq.feet. The price per sq.feet has had a considerable rise of 562 % 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 $2.69 to $15.12 during January, and February.
When referring to the price in North Miami Beach (cities), this has risen in the last 6 months. The rent price in September is $3,259, rising in October till $3,714. During the following two months (November, December) the price has had an average rise from $3,486.5 to $3,803.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 87 %, going from $3,645 to $3,169.5 in January and February.
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 $3,122 they are 54 % more affordable than the average price for North Miami Beach . The properties with the highest average price have 4 bedrooms, Their price is 156 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,210.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.17 / sq.feet, with an average $27.65 / sq.feet price in North Miami Beach. The properties with the most expensive average prices have 4 bedrooms. They are 282 % more expensive than the average followed by properties with 2 bedrooms with a price at $10.13 / sq.feet.
The graph displaying the average rent prices displays the property type "Duplex" as the most affordable one. At an cost of $3,122 it is 49 % more affordable than the average price in North Miami Beach. "House" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Townhouse". At a price of $3,044 it is 272 % 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 $1.88 / sq.feet followed by "Duplex" priced at $8 / sq.feet. "Condo" is the most expensive type of property with a $60.53 / sq.feet value followed by "Townhouse" with an average price of $58.86 / sq.feet.