The rent prices in real estate in Aiken, in the South Carolina region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Aiken has had a strong fall during the last 6 months. In May, the average price per sq.feet was $6.58. In the following month the price per sq.feet fell considerably to $3.96. The price for the following two months in (July, August) had a considerable fall of 76 with regard to the previous two months. The price per sq.feet has had a considerable fall of 16 % 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 $4.65 to $0.75 during September, and October.
When referring to the price in Aiken (cities), this has risen in the last 6 months. The average price during our first sample month during May, is $861. During June the price went through a considerable rise reaching $1,025. In the following two months the average price has hardly changed with regard to the previous two months from $943 to $980. 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 $961.5 and $967 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 $981 they are 36 % more affordable than the average price for Aiken . The properties with the highest average price have 4 bedrooms, Their price is 40 % more expensive than the average. After that we have properties with 3 bedrooms priced at $991.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.68 / sq.feet, with an average $0.73 / sq.feet price in Aiken. The properties with the most expensive average prices have 1 bedroom. They are 30 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.8 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $981 it is 16 % more affordable than the average price in Aiken. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,012 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $0.74 / sq.feet followed by "Apartment" priced at $0.8 / sq.feet. "Condo" is the most expensive type of property with a $3 / sq.feet value followed by "Apartment" with an average price of $0.8 / sq.feet.