The rent prices in real estate in Orlando, in the Florida region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Orlando has had a strong fall during the last 6 months. In January, the average price per sq.feet was $20.41. In the following month the price per sq.feet fell considerably to $1.44. The price for the following two months in (March, April) had a considerable fall of 24 with regard to the previous two months. The price per sq.feet has had a considerable fall of 45 % 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 $6.79 to $3.09 during May, and June.
When referring to the price in Orlando (cities), this has risen in the last 6 months. The rent price in January is $1,397, rising in February till $1,510. During the following two months (March, April) the price has had an average rise from $1,453.5 to $1,618.5. Based on an analysis of the first four prices and the last two months the average price has increased 107 % 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 $1,635 they are 21 % more affordable than the average price for Orlando . The properties with the highest average price have 4 bedrooms, Their price is 30 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,710.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.72 / sq.feet, with an average $4.1 / sq.feet price in Orlando. The properties with the most affordable average prices have 1 bedroom. They are 3 % more affordable than the average followed by properties with 2 bedrooms with a price at $2.93 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,635 it is 24 % more affordable than the average price in Orlando. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $1,772 it is 32 % 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 $1.17 / sq.feet followed by "Apartment" priced at $3.62 / sq.feet. "Townhouse" is the most expensive type of property with a $144 / sq.feet value followed by "Commercial" with an average price of $16 / sq.feet.