The rent prices in real estate in South Padre Island, in the Texas 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 South Padre Island has risen strongly during the last 6 months. In November, the average price per sq.feet was $1.78. In December this price barely changed remaining at $1.81 per sq.feet. The price for the following two months in (January, February) had a considerable rise of 1120 %. The price per sq.feet has had a considerable rise of 161 % 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 $10.95 to $17.61 during March, and April.
When referring to the price in South Padre Island (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $2,433. In December This price remains at $2,345. In the following two months the average price has hardly changed with regard to the previous two months from $2,389 to $2,434.5. 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 $2,411.75 and $2,467 between March and April.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 20 % more affordable than the average price of $2,047 in South Padre Island. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 20 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 107 % more expensive than the average price of ($69 / 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 107 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $2,560 it is 21 % more affordable than the average price in South Padre Island. "House" is seen as the second most affordable property type. The most affordable property is "" followed by "House". At a price of $2,126 it is 17 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $8 / sq.feet followed by "Land" priced at $59 / sq.feet. "Land" is the most expensive type of property with a $59 / sq.feet value followed by "House" with an average price of $8 / sq.feet.