The rent prices in real estate in Orlando, 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 Orlando has risen strongly during the last 6 months. In December, the average price per sq.feet was $1.26. In the following month the price per sq.feet fell to $1.19. The price for the following two months in (February, March) had a considerable rise of 126 %. The price per sq.feet has risen 112 % 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 $1.38 to $1.55 during April, and May.
When referring to the price in Orlando (cities), this has risen in the last 6 months. In our first sample month during December, the average price is $1,429. In January This price remains at $1,429. During the following two months (February, March) the price has had an average rise from $1,429 to $1,536.5. Based on an analysis of the first four prices and the last two months the average price has increased 105 % 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 $1,543 they are 25 % more affordable than the average price for Orlando . The properties with the highest average price have 4 bedrooms, Their price is 33 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,646.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.98 / sq.feet, with an average $1.54 / sq.feet price in Orlando. The properties with the most expensive average prices have 1 bedroom. They are 8 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.35 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,543 it is 34 % more affordable than the average price in Orlando. "House" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Condo". At a price of $1,604 it is 190 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $1.42 / sq.feet followed by "House" priced at $1.49 / sq.feet. "Villa" is the most expensive type of property with a $10 / sq.feet value followed by "Land" with an average price of $2 / sq.feet.