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 September, the average price per sq.feet was $1.73. In the following month the price per sq.feet rose to $1.84. In the following two months the price per sq.feet has risen 106 %, going from $1.78 to $1.89 per sq.feet. The price per sq.feet has had a considerable rise of 143 % 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 $1.84 to $2.63 during January, and February.
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 September, the average price is $2,000. In October This price remains at $1,988. In the following two months the average price has hardly changed with regard to the previous two months from $1,994 to $2,053.5. 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 $2,023.75 and $2,110.5 between January and February.
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 $2,121 they are 27 % more affordable than the average price for Pompano Beach . The properties with the highest average price have 4 bedrooms, Their price is 104 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,300.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.67 / sq.feet, with an average $3.35 / sq.feet price in Pompano Beach. The properties with the most expensive average prices have 4 bedrooms. They are 1203 % more expensive than the average followed by properties with 1 bedroom with a price at $2.18 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of $2,121 it is 25 % 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 "House". At a price of $2,247 it is 30 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1.74 / sq.feet followed by "Condo" priced at $12.38 / sq.feet. "Villa" is the most expensive type of property with a $52.68 / sq.feet value followed by "Commercial" with an average price of $21 / sq.feet.