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 April, the average price per sq.feet was $16. In the following month the price per sq.feet fell considerably to $1.62. The price for the following two months in (June, July) had a considerable fall of 18 with regard to the previous two months. The price per sq.feet has had a considerable rise of 1336 % 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 $5.2 to $69.5 during August, and September.
When referring to the price in South Padre Island (cities), this has risen in the last 6 months. The rent price in April is $2,150, rising in May till $2,463. During the following two months (June, July) the price has had an average rise from $2,306.5 to $2,624. During the last two months the average price has fallen greatly compared to the previous four going from $2,465.25 to $1,985.5, which means a 81 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 19 % more expensive than the average price of $2,059 in South Padre Island. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 19 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 25 % more affordable than the average price of ($73 / sq.feet) in South Padre Island. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 25 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Apartment" as the most expensive one. At an cost of $1,731 it is 18 % 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 "Townhouse" followed by "Condo". At a price of $2,138 it is 27 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $12 / sq.feet followed by "Townhouse" priced at $15 / sq.feet. "Apartment" is the most affordable type of property with a $68 / sq.feet value followed by "Townhouse" with an average price of $15 / sq.feet.