The rent prices in real estate in Albemarle, in the North 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 Albemarle has had a strong fall during the last 6 months. In December, the average price per sq.feet was $4. In the following month the price per sq.feet rose considerably to $5. The price for the following two months in (February, March) had a considerable fall of 19 with regard to the previous two months. The price per sq.feet has had a considerable fall of 30 % 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 $2.68 to $0.81 during April, and May.
When referring to the price in Albemarle (cities), this has fallen in the last 6 months. The average price for December is $1,044. During January the price had a considerable fall till $850. During the following two months (February, March) the price has had an average rise from $947 to $1,037.5. 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 $992.25 and $1,003.5 between April and May.
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 $850 they are 53 % more affordable than the average price for Albemarle . The properties with the highest average price have 3 bedrooms, Their price is 11 % more expensive than the average. After that we have properties with 4 bedrooms priced at $674.
According to average price per property type in Albemarle, "" priced at $674 is 21 % lower than the average price ($850) in this city.