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 April, the average price per sq.feet was $1.56. In May this price barely changed remaining at $1.59 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.58 to $1.64 per sq.feet. The price per sq.feet has had a considerable rise of 128 % 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 $1.61 to $2.07 during August, and September.
When referring to the price in North Palm Beach (cities), this has risen considerably in the last 6 months. In our first sample month during April, the average price is $1,834. In May This price remains at $1,756. During the following two months (June, July) the price has had an average rise from $1,795 to $1,952. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 136 % 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 $3,156 they are 51 % more affordable than the average price for North Palm Beach . The properties with the highest average price have 4 bedrooms, Their price is 240 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,425.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.3 / sq.feet, with an average $2.49 / sq.feet price in North Palm Beach. The properties with the most expensive average prices have 4 bedrooms. They are 1450 % more expensive than the average followed by properties with 1 bedroom with a price at $3.29 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $3,156 it is 37 % more affordable than the average price in North Palm Beach. "Land" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Commercial". At a price of $2,539 it is 9 % 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 $1.74 / sq.feet followed by "Condo" priced at $2.7 / sq.feet. "Land" is the most expensive type of property with a $49 / sq.feet value followed by "Commercial" with an average price of $11 / sq.feet.