The rent prices in real estate in South Bay, in the Florida region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in South Bay has fallen during the last 6 months. In October, the average price per sq.feet was $5.07. In November this price barely changed remaining at $5.01 per sq.feet. The price for the following two months in (December, January) fell 92 % with regard to the previous two months. The price per sq.feet has fallen 92 % 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 $4.84 to $4.43 during February, and March.
When referring to the price in South Bay (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $4,295. In November This price remains at $4,268. During the following two months (December, January) the price has had an average rise from $4,281.5 to $4,555. 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 $4,418.25 and $4,221.5 between February and March.
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 $4,266 they are 15 % more affordable than the average price for South Bay . The properties with the highest average price have 4 bedrooms, Their price is 49 % more expensive than the average. After that we have properties with 3 bedrooms priced at $5,279.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $3.58 / sq.feet, with an average $4.54 / sq.feet price in South Bay. The properties with the most expensive average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $4.26 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $4,266 it is 9 % more affordable than the average price in South Bay. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $3,888 it is 28 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $4 / sq.feet followed by "Apartment" priced at $4.55 / sq.feet. "Apartment" is the most expensive type of property with a $4.55 / sq.feet value followed by "House" with an average price of $4 / sq.feet.