Property prices for rent in Palm Beach (Florida)
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 March, the average price per sq.feet was $6.25. In the following month the price per sq.feet rose considerably to $8.46. The price for the following two months in (May, June) had a considerable rise of 125 %. The price per sq.feet has had a considerable rise of 198 % 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 $8.27 to $16.38 during July, and August.
When referring to the price in Palm Beach (cities), this has fallen in the last 6 months. The average price for March is $6,052. During April the price had a slight fall till $5,472. During the following two months (May, June) the average price fell 95 % 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 increased 106 % 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 $5,681 they are 50 % more affordable than the average price for Palm Beach . The properties with the highest average price have 4 bedrooms, Their price is 105 % more expensive than the average. After that we have properties with 3 bedrooms priced at $6,242.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.67 / sq.feet, with an average $12.8 / sq.feet price in Palm Beach. The properties with the most affordable average prices have 4 bedrooms. They are 68 % more affordable than the average followed by properties with 3 bedrooms with a price at $3.02 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $5,681 it is 33 % more affordable than the average price in Palm Beach. "House" is seen as the second most affordable property type. The most expensive property type is "Detached House" followed by "Apartment". At a price of $9,639 it is 73 % 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 $1.45 / sq.feet followed by "Detached House" priced at $3.63 / sq.feet. "Apartment" is the most expensive type of property with a $39.61 / sq.feet value followed by "Condo" with an average price of $35.55 / sq.feet.
