The rent prices in real estate in Palm Beach, 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 Beach has risen during the last 6 months. In April, the average price per sq.feet was $1.67. In the following month the price per sq.feet fell to $1.55. In the following two months the price per sq.feet has practically remained the same, going from $1.61 to $1.61 per sq.feet. The price per sq.feet has had a considerable rise of 130 % 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 $1.61 to $2.1 during August, and September.
When referring to the price in Palm Beach (cities), this has risen in the last 6 months. In our first sample month during April, the average price is $1,940. In May This price remains at $1,919. In the following two months the average price has hardly changed with regard to the previous two months from $1,929.5 to $1,947. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 128 % 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 $2,965 they are 27 % more affordable than the average price for Palm Beach . The properties with the highest average price have 4 bedrooms, Their price is 49 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,772.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.71 / sq.feet, with an average $2.34 / sq.feet price in Palm Beach. The properties with the most expensive average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.57 / sq.feet.
The graph displaying the average rent prices displays the property type "Villa" as the most affordable one. At an cost of $2,965 it is 29 % more affordable than the average price in Palm Beach. "Condo" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of $3,105 it is 52 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $1.79 / sq.feet followed by "House" priced at $2.54 / sq.feet. "Villa" is the most expensive type of property with a $50 / sq.feet value followed by "Townhouse" with an average price of $20.13 / sq.feet.