The rent prices in real estate in Chapel Hill, 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 Chapel Hill has risen strongly during the last 6 months. In April, the average price per sq.feet was $1.26. In May this price barely changed remaining at $1.29 per sq.feet. The price for the following two months in (June, July) had a considerable rise of 148 %. The price per sq.feet has fallen 89 % 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 $1.58 to $1.4 during August, and September.
When referring to the price in Chapel Hill (cities), there have hardly been any changes in the last 6 months. In our first sample month during April, the average price is $1,364. In May This price remains at $1,321. During the following two months (June, July) the price has had an average rise from $1,342.5 to $1,467. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $1,404.75 to $1,323.5 in August and September.
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 $1,282 they are 14 % more affordable than the average price for Chapel Hill . The properties with the highest average price have 4 bedrooms, Their price is 57 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,555.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.11 / sq.feet, with an average $1.39 / sq.feet price in Chapel Hill. The properties with the most expensive average prices have 1 bedroom. They are 22 % more expensive than the average followed by properties with 4 bedrooms with a price at $1.39 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,282 it is 4 % more affordable than the average price in Chapel Hill. "Condo" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "". At a price of $1,481 it is 48 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.23 / sq.feet followed by "House" priced at $1.57 / sq.feet. "Townhouse" is the most expensive type of property with a $126.44 / sq.feet value followed by "House" with an average price of $1.57 / sq.feet.