The rent prices in real estate in Albemarle, in the North Carolina region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Albemarle has risen strongly during the last 6 months. In May, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to $5. The price for the following two months in (July, August) had a considerable rise of 120 %. The price per sq.feet has had a considerable fall of 0 % 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 $2.75 to during September, and October.
When referring to the price in Albemarle (cities), this has fallen in the last 6 months. The rent price in May is $993, rising in June till $1,046. In the following two months the average price has hardly changed with regard to the previous two months from $1,019.5 to $972. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 85 %, going from $995.75 to $847 in 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 $965 they are 58 % more affordable than the average price for Albemarle . The properties with the lowest average price have 3 bedrooms, Their price is 1 % more affordable than the average. After that we have properties with 4 bedrooms priced at $681.
According to average price per property type in Albemarle, "" priced at $681 is 29 % lower than the average price ($965) in this city.