The rent prices in real estate in West Palm 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 West Palm Beach has risen strongly during the last 6 months. In December, the average price per sq.feet was $1.76. In January this price barely changed remaining at $1.73 per sq.feet. The price for the following two months in (February, March) had a considerable rise of 422 %. The price per sq.feet has had a considerable rise of 116 % 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 $4.56 to $5.3 during April, and May.
When referring to the price in West Palm Beach (cities), this has risen in the last 6 months. The average price for December is $1,807. During January the price had a slight fall till $1,652. In the following two months the average price has hardly changed with regard to the previous two months from $1,729.5 to $1,807.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 126 % 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 $2,204 they are 30 % more affordable than the average price for West Palm Beach . The properties with the highest average price have 4 bedrooms, Their price is 94 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,676.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.85 / sq.feet, with an average $4.96 / sq.feet price in West Palm Beach. The properties with the most affordable average prices have 1 bedroom. They are 57 % more affordable than the average followed by properties with 4 bedrooms with a price at $1.94 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $2,204 it is 34 % more affordable than the average price in West Palm Beach. "House" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $2,403 it is 140 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $1 / sq.feet followed by "Villa" priced at $1.81 / sq.feet. "Townhouse" is the most expensive type of property with a $31.09 / sq.feet value followed by "Condo" with an average price of $2.35 / sq.feet.