The average rent price in the Florida region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.
The price per sq.feet in Florida has risen considerably in the last 6 months. During October, the average price per sq.feet was $2.01. The following month (November) the price had a considerable rise reaching $2.34 per sq.feet. The price per sq.feet for the following two months barely changed going from $2.17 to $2.08 per sq.feet. In the last two months, the price per sq.feet has had a significant rise of 159 %. This has been obtained by comparing the price of $2.13 for the first four months of the sample with regard to the previous 4 months and the price of $3.38 per sq.feet for the last two months (February, March).
When referring to the price in Florida(region), there have hardly been any changes in the last 6 months. In the first month sample for October the average price is $2,120. During November it went through a strong rise reaching $2,478 In the following two months the average price practically remained the same compared to the previous two going from $2,299 to $2,311.5. During the last two months the price has gone down 85 % compared to the previous average values going from $2,305.25 a $1,960.5 in February y March.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 16 % cheaper than the average price in Florida followed by those with 2 with an average price of $1,762. The most expensive properties have 4 bedrooms. They are 54 % more expensive than the average followed by those properties with 3 bedrooms priced at $2,103.
Based on the average price per sq.feet those properties with 3 bedrooms are the most affordable ones with a price of $1.57 / sq.feet being $3.55 / sq.feet the average for Florida. The properties with the highest average price are those with 4 bedrooms. These are 53 % more expensive than the average followed by those with 1 bedroom with a price of $2.16 / sq.feet.
The graph displaying the average rent price according to the property type shows "Apartment" as the most affordable one. With an average cost of $1,827 it is 15 % cheaper than the average in Florida. This is followed by "House" with a cost of $1,604. The most expensive property type is "Villa" and is 235 % more costly than the average, followed by "Townhouse" with a cost of $2,465.
Based upon the average cost per sq.feet the most affordable property type is "Apartment with a an average price of $1.59 / sq.feet, followed by "Condo" with a price of $1.94 / sq.feet. "Land" with an average price of $61.1 / sq.feet is the most expensive type of property followed by "Villa" at a price of $33.26 / sq.feet.