The rent prices in real estate in Cary, 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 Cary has risen strongly during the last 6 months. In November, the average price per sq.feet was $0.99. In the following month the price per sq.feet rose to $1.04. In the following two months the price per sq.feet has risen 108 %, going from $1.01 to $1.1 per sq.feet. The price per sq.feet has had a considerable rise of 119 % 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 $1.06 to $1.26 during March, and April.
When referring to the price in Cary (cities), this has fallen in the last 6 months. In our first sample month during November, the average price is $1,680. In December This price remains at $1,655. During the following two months (January, February) the average price fell 91 % with regard to the previous two months. 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 $1,591.75 and $1,564.5 between March and April.
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 $1,674 they are 22 % more affordable than the average price for Cary . The properties with the highest average price have 3 bedrooms, Their price is 25 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,024.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.89 / sq.feet, with an average $1.35 / sq.feet price in Cary. The properties with the most expensive average prices have 1 bedroom. They are 16 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.35 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,674 it is 2 % more affordable than the average price in Cary. "" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $1,645 it is 2 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $1.46 / sq.feet. "House" at an average price of $1.46 / sq.feet has the highest price and would be directed at more affluent cities.