The rent prices in real estate in North Palm 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 Palm Beach has risen strongly during the last 6 months. In October, the average price per sq.feet was $2.4. In November this price barely changed remaining at $2.45 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.42 to $2.4 per sq.feet. The price per sq.feet has had a considerable rise of 200 % 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 $2.41 to $4.84 during February, and March.
When referring to the price in North Palm Beach (cities), this has risen in the last 6 months. In our first sample month during October, the average price is $3,256. In November This price remains at $3,241. In the following two months the average price has hardly changed with regard to the previous two months from $3,248.5 to $3,318. Based on an analysis of the first four prices and the last two months the average price has increased 113 % 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 $4,283 they are 64 % more affordable than the average price for North Palm Beach . The properties with the highest average price have 4 bedrooms, Their price is 150 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,420.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2 / sq.feet, with an average $7.45 / sq.feet price in North Palm Beach. The properties with the most expensive average prices have 4 bedrooms. They are 410 % more expensive than the average followed by properties with 1 bedroom with a price at $3 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $4,283 it is 53 % more affordable than the average price in North Palm Beach. "Land" is seen as the second most affordable property type. The most affordable property is "Condo" followed by "Villa". At a price of $3,367 it is 19 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1 / sq.feet followed by "Condo" priced at $2 / sq.feet. "Land" is the most expensive type of property with a $43 / sq.feet value followed by "Villa" with an average price of $11 / sq.feet.