Property prices for rent in South Padre Island (Texas)
The rent prices in real estate in South Padre Island, in the Texas 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 Padre Island has fallen during the last 6 months. In October, the average price per sq.feet was $2.32. In the following month the price per sq.feet rose to $2.56. 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 had a considerable fall of 67 % 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 $2.35 to $1.56 during February, and March.
When referring to the price in South Padre Island (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $2,250. In November This price remains at $2,309. During the following two months (December, January) the average price fell 90 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $2,160 to $1,199, which means a 56 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 158 % more expensive than the average price of $2,017 in South Padre Island. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 158 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 7008 % more expensive than the average price of ($59 / sq.feet) in South Padre Island. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 7008 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Townhouse" as the most expensive one. At an cost of $783 it is 148 % more expensive than the average price in South Padre Island. "Condo" is seen as the second most expensive property type. The most expensive property type is "" followed by "Condo". At a price of $1,991 it is 168 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Townhouse" at an average price of $24 / sq.feet followed by "Condo" priced at $49 / sq.feet. "Condo" is the most expensive type of property with a $49 / sq.feet value followed by "Townhouse" with an average price of $24 / sq.feet.
