The rent prices in real estate in Burlington, in the North Carolina region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Burlington has barely changed in the last 6 months. In December, the average price per sq.feet was $1.06. In January this price barely changed remaining at $1.11 per sq.feet. In the following two months the price per sq.feet has risen 107 %, going from $1.09 to $1.16 per sq.feet. The price per sq.feet has fallen 93 % 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 $1.12 to $1.04 during April, and May.
When referring to the price in Burlington (cities), there have hardly been any changes in the last 6 months. In our first sample month during December, the average price is $999. In January This price remains at $1,035. During the following two months (February, March) the price has had an average rise from $1,017 to $1,070.5. 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 $1,043.75 and $1,007.5 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 $970 they are 2 % more affordable than the average price for Burlington . The properties with the highest average price have 4 bedrooms, Their price is 59 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,106.
With regard to the average prices per sq.feet those properties with 1 bedroom are 4 % more expensive than the average price of ($1 / sq.feet) in Burlington. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 4 % more expensive than the average value aforementioned.
According to average price per property type in Burlington, "" priced at $1,074 is 11 % more expensive than the average price ($970) in this city.