The rent prices in real estate in Palmetto, in the Florida region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Palmetto has had a strong fall during the last 6 months. In May, the average price per sq.feet was $2.05. In June this price barely changed remaining at $2.04 per sq.feet. The price for the following two months in (July, August) had a considerable fall of 84 with regard to the previous two months. The price per sq.feet has had a considerable fall of 82 % 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 $1.88 to $1.55 during September, and October.
When referring to the price in Palmetto (cities), this has risen in the last 6 months. The rent price in May is $1,945, rising in June till $2,090. During the following two months (July, August) the price has had an average rise from $2,017.5 to $2,173.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,095.5 and $2,143 between September and October.
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 $2,139 they are 40 % more affordable than the average price for Palmetto . The properties with the highest average price have 4 bedrooms, Their price is 42 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,854.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.14 / sq.feet, with an average $1.53 / sq.feet price in Palmetto. The properties with the most expensive average prices have 1 bedroom. They are 37 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.46 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $2,139 it is 12 % more affordable than the average price in Palmetto. "Commercial" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $2,003 it is 2 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $1.54 / sq.feet followed by "Apartment" priced at $1.7 / sq.feet. "Commercial" is the most expensive type of property with a $50 / sq.feet value followed by "Land" with an average price of $31 / sq.feet.