The rent prices in real estate in Black Mountain, 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 Black Mountain has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.89. In the following month the price per sq.feet rose to $2. The price for the following two months in (December, January) had a considerable fall of 83 with regard to the previous two months. The price per sq.feet has had a considerable fall of 62 % 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 $1.78 to $1.1 during February, and March.
When referring to the price in Black Mountain (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $2,110. In November This price remains at $2,179. In the following two months the average price has hardly changed with regard to the previous two months from $2,144.5 to $2,103.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $2,124 to $1,916 in February and March.
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 $2,171 they are 45 % more affordable than the average price for Black Mountain . The properties with the lowest average price have 2 bedrooms, Their price is 28 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,186.
According to average price per property type in Black Mountain, "" priced at $1,555 is 28 % lower than the average price ($2,171) in this city.