The rent prices in real estate in Pompano Beach, in the Florida region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Pompano Beach has risen strongly during the last 6 months. In March, the average price per sq.feet was $1.8. In April this price barely changed remaining at $1.74 per sq.feet. The price for the following two months in (May, June) had a considerable rise of 161 %. The price per sq.feet has had a considerable rise of 663 % 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 $2.31 to $15.31 during July, and August.
When referring to the price in Pompano Beach (cities), there have hardly been any changes in the last 6 months. In our first sample month during March, the average price is $1,832. In April This price remains at $1,741. In the following two months the average price has hardly changed with regard to the previous two months from $1,786.5 to $1,781.5. 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 $2,125 they are 30 % more affordable than the average price for Pompano Beach . The properties with the highest average price have 4 bedrooms, Their price is 23 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,046.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.51 / sq.feet, with an average $12.24 / sq.feet price in Pompano Beach. The properties with the most expensive average prices have 4 bedrooms. They are 338 % more expensive than the average followed by properties with 2 bedrooms with a price at $21.19 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of $2,125 it is 24 % more affordable than the average price in Pompano Beach. "Condo" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Townhouse". At a price of $2,895 it is 143 % 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 $1.64 / sq.feet followed by "House" priced at $1.75 / sq.feet. "Townhouse" is the most expensive type of property with a $48.15 / sq.feet value followed by "Commercial" with an average price of $27 / sq.feet.