The rent prices in real estate in West Palm Beach, in the Florida region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in West Palm Beach has risen during the last 6 months. In May, the average price per sq.feet was $7. In the following month the price per sq.feet rose to $7.7. The price for the following two months in (July, August) had a considerable rise of 127 %. The price per sq.feet has had a considerable fall of 80 % 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 $8.34 to $6.68 during September, and October.
When referring to the price in West Palm Beach (cities), this has fallen in the last 6 months. The average price for May is $3,556. During June the price had a slight fall till $3,175. In the following two months the average price has hardly changed with regard to the previous two months from $3,365.5 to $3,218. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $3,291.75 and $3,236 between September and October.
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 $3,269 they are 34 % more affordable than the average price for West Palm Beach . The properties with the highest average price have 4 bedrooms, Their price is 150 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,891.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.55 / sq.feet, with an average $7.15 / sq.feet price in West Palm Beach. The properties with the most affordable average prices have 4 bedrooms. They are 50 % more affordable than the average followed by properties with 3 bedrooms with a price at $2.24 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $3,269 it is 22 % more affordable than the average price in West Palm Beach. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Detached House" followed by "Villa". At a price of $5,849 it is 159 % 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 $1.38 / sq.feet followed by "Apartment" priced at $2.9 / sq.feet. "Villa" is the most expensive type of property with a $35.09 / sq.feet value followed by "Condo" with an average price of $28.85 / sq.feet.