The rent prices in real estate in Rehoboth Beach, in the Delaware 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 Rehoboth Beach has risen strongly during the last 6 months. In November, the average price per sq.feet was $1.11. In the following month the price per sq.feet rose considerably to $1.48. The price for the following two months in (January, February) had a considerable rise of 148 %. The price per sq.feet has had a considerable rise of 164 % 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 $1.61 to $2.64 during March, and April.
When referring to the price in Rehoboth Beach (cities), this has risen considerably in the last 6 months. The average price during our first sample month during November, is $2,581. During December the price went through a considerable rise reaching $3,280. During the following two months (January, February) the average price fell 86 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 149 % 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 $6,525 they are 81 % more affordable than the average price for Rehoboth Beach . The properties with the lowest average price have 2 bedrooms, Their price is 73 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,253.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1 / sq.feet, with an average $4.28 / sq.feet price in Rehoboth Beach. The properties with the most expensive average prices have 2 bedrooms. They are 1769 % more expensive than the average followed by properties with 1 bedroom with a price at $1 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $6,525 it is 75 % more affordable than the average price in Rehoboth Beach. "Condo" is seen as the second most affordable property type. The most affordable property is "House" followed by "Townhouse". At a price of $1,756 it is 73 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Apartment" at an average price of $8 / sq.feet followed by "Condo" priced at $23 / sq.feet. "House" is the most expensive type of property with a $80 / sq.feet value followed by "Townhouse" with an average price of $24 / sq.feet.