Property prices for rent in West Palm Beach (Florida)
The rent prices in real estate in West Palm Beach, in the Florida region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in West Palm Beach has barely changed in the last 6 months. In July, the average price per sq.feet was $1.67. In August this price barely changed remaining at $1.69 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.68 to $1.71 per sq.feet. The price per sq.feet has risen 105 % 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 $1.69 to $1.78 during November, and December.
When referring to the price in West Palm Beach (cities), this has risen in the last 6 months. The rent price in July is $1,580, rising in August till $1,670. During the following two months (September, October) the price has had an average rise from $1,625 to $1,728. Based on an analysis of the first four prices and the last two months the average price has increased 111 % 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 $1,807 they are 24 % more affordable than the average price for West Palm Beach . The properties with the highest average price have 4 bedrooms, Their price is 120 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,804.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.62 / sq.feet, with an average $1.76 / sq.feet price in West Palm Beach. The properties with the most expensive average prices have 1 bedroom. They are 7 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.82 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,807 it is 25 % more affordable than the average price in West Palm Beach. "Commercial" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "House". At a price of $1,894 it is 308 % 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 $1.67 / sq.feet followed by "Townhouse" priced at $1.73 / sq.feet. "Villa" is the most expensive type of property with a $27.22 / sq.feet value followed by "Commercial" with an average price of $21 / sq.feet.
