The average rent price in the Florida region has had a strong fall in recent months. There has been a strong fall in the rent prices in this region.
The price per sq.feet in Florida has fallen considerably in the last 6 months. During April, the average price per sq.feet was $5.76. The following month (May) the price had a considerable fall reaching $2.11 per sq.feet. The price per sq.feet for the following two months barely changed going from $3.93 to $3.81 per sq.feet. In the last two months, the price per sq.feet has had a significant fall of 42 %. This has been obtained by comparing the price of $3.87 for the first four months of the sample with regard to the previous 4 months and the price of $1.62 per sq.feet for the last two months (August, September).
When referring to the price in Florida(region), there have hardly been any changes in the last 6 months. In the first month sample April the average price is $1,832. In May the price remains at $1,910. In the following two months the average price practically remained the same compared to the previous two going from $1,871 to $1,869.5. During the last two months the average price has not gone through any changes and has gone from $1,870.25 to $1,807 during August and September.
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 29 % cheaper than the average price in Florida followed by those with 2 with an average price of $1,771. The most expensive properties have 4 bedrooms. They are 14 % more expensive than the average followed by those properties with 3 bedrooms priced at $2,025.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $1.02 / sq.feet being $1.72 / sq.feet the average for Florida. The properties with the highest average price are those with 1 bedroom. These are 15 % more expensive than the average followed by those with 2 bedrooms with a price of $1.65 / sq.feet.
The graph displaying the average rent price according to the property type shows "House" as the most affordable one. With an average cost of $1,842 it is 17 % cheaper than the average in Florida. This is followed by "Land" with a cost of $1,621. The most expensive property type is "Commercial" and is 14 % more costly than the average, followed by "Condo" with a cost of $1,965.
Based upon the average cost per sq.feet the most affordable property type is "Apartment with a an average price of $1 / sq.feet, followed by "Land" with a price of $1.57 / sq.feet. "Commercial" with an average price of $70 / sq.feet is the most expensive type of property followed by "Townhouse" at a price of $11 / sq.feet.