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 October, the average price per sq.feet was $0.61. In the following month the price per sq.feet rose to $0.67. The price for the following two months in (December, January) had a considerable rise of 1016 %. The price per sq.feet has had a considerable fall of 11 % 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 $3.57 to $0.4 during February, and March.
When referring to the price in Albemarle (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $967. In November This price remains at $994. In the following two months the average price has hardly changed with regard to the previous two months from $980.5 to $950. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 95 %, going from $965.25 to $912.5 in February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $730 they are 23 % more affordable than the average price for Albemarle . The properties with the highest average price have 3 bedrooms, Their price is 31 % more expensive than the average. After that we have properties with 4 bedrooms priced at $683.
With regard to the average prices per sq.feet those properties with 1 bedroom are 9 % more expensive than the average price of ($0.86 / sq.feet) in Albemarle. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 9 % more expensive than the average value aforementioned.
According to average price per property type in Albemarle, "" priced at $683 is 6 % lower than the average price ($730) in this city.