The rent prices in real estate in Palmetto, 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 Palmetto has risen during the last 6 months. In September, the average price per sq.feet was $1.6. In October this price barely changed remaining at $1.52 per sq.feet. In the following two months the price per sq.feet has risen 109 %, going from $1.56 to $1.7 per sq.feet. The price per sq.feet has risen 111 % 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 $1.63 to $1.8 during January, and February.
When referring to the price in Palmetto (cities), this has risen considerably in the last 6 months. In our first sample month during September, the average price is $2,051. In October This price remains at $2,119. During the following two months (November, December) the average price had a considerable rise of 121 % 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 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 $2,392 they are 34 % more affordable than the average price for Palmetto . The properties with the highest average price have 4 bedrooms, Their price is 118 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,212.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.47 / sq.feet, with an average $1.77 / sq.feet price in Palmetto. The properties with the most expensive average prices have 1 bedroom. They are 34 % more expensive than the average followed by properties with 4 bedrooms with a price at $1.73 / sq.feet.
The graph displaying the average rent prices displays the property type "Villa" as the most affordable one. At an cost of $2,392 it is 37 % more affordable than the average price in Palmetto. "Condo" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $2,470 it is 50 % 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 $1.63 / sq.feet followed by "Condo" priced at $1.99 / sq.feet. "Villa" is the most expensive type of property with a $2.35 / sq.feet value followed by "Condo" with an average price of $1.99 / sq.feet.