The rent prices in real estate in Pensacola, 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 Pensacola has had a strong fall during the last 6 months. In April, the average price per sq.feet was $10.84. In the following month the price per sq.feet fell considerably to $6.96. The price for the following two months in (June, July) had a considerable fall of 63 with regard to the previous two months. The price per sq.feet has had a considerable fall of 13 % 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 $7.25 to $0.91 during August, and September.
When referring to the price in Pensacola (cities), there have hardly been any changes in the last 6 months. In our first sample month during April, the average price is $1,129. In May This price remains at $1,073. In the following two months the average price has hardly changed with regard to the previous two months from $1,101 to $1,142. 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 $1,121.5 and $1,136 between August and September.
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 $1,147 they are 21 % more affordable than the average price for Pensacola . The properties with the highest average price have 4 bedrooms, Their price is 29 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,145.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.76 / sq.feet, with an average $0.94 / sq.feet price in Pensacola. The properties with the most expensive average prices have 1 bedroom. They are 33 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.02 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,147 it is 46 % more affordable than the average price in Pensacola. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Commercial". At a price of $1,647 it is 74 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $0.9 / sq.feet followed by "Office" priced at $0.96 / sq.feet. "Commercial" is the most expensive type of property with a $1.16 / sq.feet value followed by "House" with an average price of $1.1 / sq.feet.