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 $1.8. In the following month the price per sq.feet rose considerably to $6.23. The price for the following two months in (November, December) had a considerable rise of 267 %. The price per sq.feet has had a considerable fall of 25 % 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 $7.38 to $1.83 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 $1,842. In October This price remains at $1,915. In the following two months the average price has hardly changed with regard to the previous two months from $1,878.5 to $1,833. 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 $1,855.75 and $1,780 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 $1,776 they are 17 % more affordable than the average price for Pompano Beach . The properties with the highest average price have 4 bedrooms, Their price is 47 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,196.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.53 / sq.feet, with an average $1.67 / sq.feet price in Pompano Beach. The properties with the most expensive average prices have 4 bedrooms. They are 2226 % more expensive than the average followed by properties with 1 bedroom with a price at $4.03 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,776 it is 17 % more affordable than the average price in Pompano Beach. "Villa" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,712 it is 22 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $1.33 / sq.feet followed by "Villa" priced at $1.54 / sq.feet. "Commercial" is the most expensive type of property with a $33 / sq.feet value followed by "Condo" with an average price of $1.73 / sq.feet.