The rent prices in real estate in Palm Bay, in the Florida region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Palm Bay has risen during the last 6 months. In February, the average price per sq.feet was $2.22. In the following month the price per sq.feet fell to $2.04. The price for the following two months in (April, May) had a considerable rise of 161 %. The price per sq.feet has had a considerable fall of 63 % 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 $2.78 to $1.76 during June, and July.
When referring to the price in Palm Bay (cities), this has risen in the last 6 months. In our first sample month during February, the average price is $1,359. In March This price remains at $1,367. In the following two months the average price has hardly changed with regard to the previous two months from $1,363 to $1,420. 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 $1,460 they are 32 % more affordable than the average price for Palm Bay . The properties with the highest average price have 4 bedrooms, Their price is 15 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,491.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.67 / sq.feet, with an average $0.95 / sq.feet price in Palm Bay. The properties with the most expensive average prices have 2 bedrooms. They are 755 % more expensive than the average followed by properties with 1 bedroom with a price at $3.07 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,460 it is 26 % more affordable than the average price in Palm Bay. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Commercial". At a price of $1,173 it is 8 % 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 $0.89 / sq.feet followed by "Condo" priced at $1.13 / sq.feet. "Commercial" is the most expensive type of property with a $9 / sq.feet value followed by "Apartment" with an average price of $1.36 / sq.feet.