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 April, the average price per sq.feet was $1.78. In the following month the price per sq.feet fell considerably to $1.5. The price for the following two months in (June, July) had a considerable rise of 1012 %. The price per sq.feet has risen 113 % 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 $9.12 to $10.26 during August, and September.
When referring to the price in North Miami Beach (cities), this has risen considerably in the last 6 months. The rent price in April is $1,775, rising in May till $2,038. During the following two months (June, July) the average price had a considerable rise of 166 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 125 % 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 $3,259 they are 47 % more affordable than the average price for North Miami Beach . The properties with the highest average price have 4 bedrooms, Their price is 246 % more expensive than the average. After that we have properties with 3 bedrooms priced at $5,386.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $2.02 / sq.feet, with an average $2.38 / sq.feet price in North Miami Beach. The properties with the most expensive average prices have 4 bedrooms. They are 61 % more expensive than the average followed by properties with 3 bedrooms with a price at $2.76 / sq.feet.
The graph displaying the average rent prices displays the property type "Duplex" as the most affordable one. At an cost of $3,259 it is 51 % 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 "Apartment" followed by "Villa". At a price of $3,568 it is 194 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Villa" at an average price of $1.75 / sq.feet followed by "Condo" priced at $2.36 / sq.feet. "Apartment" is the most expensive type of property with a $35.64 / sq.feet value followed by "Duplex" with an average price of $12.78 / sq.feet.