The rent prices in real estate in Saint Petersburg, 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 Saint Petersburg has risen strongly during the last 6 months. In June, the average price per sq.feet was $1.82. In July this price barely changed remaining at $1.81 per sq.feet. In the following two months the price per sq.feet has risen 109 %, going from $1.82 to $1.99 per sq.feet. The price per sq.feet has had a considerable rise of 339 % 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 $1.9 to $6.44 during October, and November.
When referring to the price in Saint Petersburg (cities), this has risen in the last 6 months. The rent price in June is $1,526, rising in July till $1,653. During the following two months (August, September) the price has had an average rise from $1,589.5 to $1,697. Based on an analysis of the first four prices and the last two months the average price has increased 106 % 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 $1,790 they are 16 % more affordable than the average price for Saint Petersburg . The properties with the highest average price have 4 bedrooms, Their price is 44 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,252.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.45 / sq.feet, with an average $10.94 / sq.feet price in Saint Petersburg. The properties with the most expensive average prices have 1 bedroom. They are 82 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.06 / sq.feet.
The graph displaying the average rent prices displays the property type "Villa" as the most affordable one. At an cost of $1,790 it is 30 % more affordable than the average price in Saint Petersburg. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $2,117 it is 20 % 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 $1.96 / sq.feet followed by "Office" priced at $2 / sq.feet. "Condo" is the most expensive type of property with a $42.47 / sq.feet value followed by "House" with an average price of $24.5 / sq.feet.