The rent prices in real estate in Vero Beach, 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 Vero Beach has risen strongly during the last 6 months. In June, the average price per sq.feet was $1.47. In July this price barely changed remaining at $1.52 per sq.feet. The price for the following two months in (August, September) had a considerable rise of 127 %. The price per sq.feet has had a considerable rise of 146 % 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 $1.7 to $2.48 during October, and November.
When referring to the price in Vero Beach (cities), this has risen considerably in the last 6 months. The average price during our first sample month during June, is $2,092. During July the price went through a considerable rise reaching $2,507. During the following two months (August, September) the average price had a considerable rise of 118 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 143 % 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 $3,534 they are 57 % more affordable than the average price for Vero Beach . The properties with the highest average price have 4 bedrooms, Their price is 108 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,743.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.91 / sq.feet, with an average $2.44 / sq.feet price in Vero Beach. The properties with the most expensive average prices have 2 bedrooms. They are 13 % more expensive than the average followed by properties with 4 bedrooms with a price at $2.68 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $3,534 it is 68 % more affordable than the average price in Vero Beach. "Commercial" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Land". At a price of $3,267 it is 20 % 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 $1.22 / sq.feet followed by "Land" priced at $2.12 / sq.feet. "Commercial" is the most expensive type of property with a $84 / sq.feet value followed by "House" with an average price of $3.15 / sq.feet.