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 July, the average price per sq.feet was $1.7. In the following month the price per sq.feet rose to $1.85. The price for the following two months in (September, October) had a considerable rise of 138 %. The price per sq.feet has had a considerable rise of 145 % 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 $2.12 to $3.07 during November, and December.
When referring to the price in Palm Beach (cities), this has risen considerably in the last 6 months. In our first sample month during July, the average price is $1,968. In August This price remains at $2,010. During the following two months (September, October) the average price had a considerable rise of 166 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 152 % 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 $4,282 they are 47 % more affordable than the average price for Palm Beach . The properties with the highest average price have 4 bedrooms, Their price is 52 % more expensive than the average. After that we have properties with 3 bedrooms priced at $5,625.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.4 / sq.feet, with an average $3.25 / sq.feet price in Palm Beach. The properties with the most affordable average prices have 3 bedrooms. They are 12 % more affordable than the average followed by properties with 2 bedrooms with a price at $2.81 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $4,282 it is 49 % more affordable than the average price in Palm Beach. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "House". At a price of $4,288 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1.72 / sq.feet followed by "Condo" priced at $2.13 / sq.feet. "Villa" is the most expensive type of property with a $21.48 / sq.feet value followed by "Apartment" with an average price of $12.66 / sq.feet.