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 March, the average price per sq.feet was $5.21. In the following month the price per sq.feet rose considerably to $11.81. The price for the following two months in (May, June) had a considerable rise of 121 %. The price per sq.feet has had a considerable rise of 130 % 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 $9.38 to $12.23 during July, and August.
When referring to the price in North Miami Beach (cities), this has fallen in the last 6 months. The average price for March is $4,196. During April the price had a considerable fall till $3,553. In the following two months the average price has hardly changed with regard to the previous two months from $3,874.5 to $3,693. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $3,783.75 and $3,790 between July and August.
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 $3,792 they are 48 % more affordable than the average price for North Miami Beach . The properties with the highest average price have 4 bedrooms, Their price is 90 % more expensive than the average. After that we have properties with 3 bedrooms priced at $5,664.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.38 / sq.feet, with an average $9.34 / sq.feet price in North Miami Beach. The properties with the most affordable average prices have 4 bedrooms. They are 66 % more affordable than the average followed by properties with 3 bedrooms with a price at $2.75 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $3,792 it is 19 % more affordable than the average price in North Miami Beach. "Condo" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Land". At a price of $4,912 it is 34 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $0.86 / sq.feet followed by "House" priced at $2.99 / sq.feet. "Land" is the most expensive type of property with a $32.73 / sq.feet value followed by "Detached House" with an average price of $31.38 / sq.feet.