The rent prices in real estate in Plant City, 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 Plant City has had a strong fall during the last 6 months. In December, the average price per sq.feet was $21.54. In the following month the price per sq.feet rose to $23.04. The price for the following two months in (February, March) had a considerable fall of 13 with regard to the previous two months. The price per sq.feet has had a considerable fall of 52 % 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 $12.62 to $6.53 during April, and May.
When referring to the price in Plant City (cities), there have hardly been any changes in the last 6 months. In our first sample month during December, the average price is $1,188. In January This price remains at $1,159. During the following two months (February, March) the price has had an average rise from $1,173.5 to $1,275. 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 $1,224.25 and $1,173.5 between April and May.
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 $1,183 they are 24 % more affordable than the average price for Plant City . The properties with the highest average price have 4 bedrooms, Their price is 35 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,437.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $6.66 / sq.feet, with an average $6.93 / sq.feet price in Plant City. The properties with the most expensive average prices have 1 bedroom. They are 26 % more expensive than the average followed by properties with 3 bedrooms with a price at $7.25 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,183 it is 11 % more affordable than the average price in Plant City. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,226 it is 41 % 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 $3.35 / sq.feet followed by "Apartment" priced at $6.08 / sq.feet. "Townhouse" is the most expensive type of property with a $20 / sq.feet value followed by "Condo" with an average price of $9.93 / sq.feet.