The rent prices in real estate in 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 Palm Beach has risen strongly during the last 6 months. In December, the average price per sq.feet was $3.25. In January this price barely changed remaining at $3.22 per sq.feet. The price for the following two months in (February, March) had a considerable rise of 465 %. 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 $9.14 to $11.72 during April, and May.
When referring to the price in Palm Beach (cities), there have hardly been any changes in the last 6 months. In our first sample month during December, the average price is $4,282. In January This price remains at $4,176. In the following two months the average price has hardly changed with regard to the previous two months from $4,229 to $4,125.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 119 % 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 $5,870 they are 59 % more affordable than the average price for Palm Beach . The properties with the highest average price have 4 bedrooms, Their price is 186 % more expensive than the average. After that we have properties with 3 bedrooms priced at $5,655.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.81 / sq.feet, with an average $14.3 / sq.feet price in Palm Beach. The properties with the most affordable average prices have 4 bedrooms. They are 62 % more affordable than the average followed by properties with 1 bedroom with a price at $3.06 / sq.feet.
The graph displaying the average rent prices displays the property type "Duplex" as the most affordable one. At an cost of $5,870 it is 73 % more affordable than the average price in Palm Beach. "Villa" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Apartment". At a price of $5,822 it is 153 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Duplex" at an average price of $1 / sq.feet followed by "Villa" priced at $1.66 / sq.feet. "Townhouse" is the most expensive type of property with a $62.28 / sq.feet value followed by "Apartment" with an average price of $32.41 / sq.feet.