The rent prices in real estate in Wellington, 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 Wellington has risen strongly during the last 6 months. In October, the average price per sq.feet was $2.76. In the following month the price per sq.feet rose considerably to $3.22. In the following two months the price per sq.feet has risen 111 %, going from $2.99 to $3.31 per sq.feet. The price per sq.feet has had a considerable rise of 286 % 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 $3.15 to $9.01 during February, and March.
When referring to the price in Wellington (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $4,055. During November the price went through a considerable rise reaching $5,188. During the following two months (December, January) the average price had a considerable rise of 120 % 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 $5,074 to $3,870, which means a 76 % fall.
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 $3,425 they are 53 % more affordable than the average price for Wellington . The properties with the highest average price have 4 bedrooms, Their price is 9 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,997.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.63 / sq.feet, with an average $15.02 / sq.feet price in Wellington. The properties with the most affordable average prices have 1 bedroom. They are 87 % more affordable than the average followed by properties with 3 bedrooms with a price at $1.87 / sq.feet.
The graph displaying the average rent prices displays the property type "Duplex" as the most affordable one. At an cost of $3,425 it is 40 % more affordable than the average price in Wellington. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Land". At a price of $5,994 it is 143 % 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 $1.57 / sq.feet followed by "Duplex" priced at $2.11 / sq.feet. "Land" is the most expensive type of property with a $53.68 / sq.feet value followed by "Condo" with an average price of $31.07 / sq.feet.