The rent prices in real estate in Charleston, in the South 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 Charleston has risen strongly during the last 6 months. In January, the average price per sq.feet was $1.56. In the following month the price per sq.feet fell to $1.48. The price for the following two months in (March, April) had a considerable rise of 180 %. The price per sq.feet has had a considerable rise of 134 % 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 $2.13 to $2.85 during May, and June.
When referring to the price in Charleston (cities), this has risen considerably in the last 6 months. In our first sample month during January, the average price is $1,471. In February This price remains at $1,474. During the following two months (March, April) the average price had a considerable rise of 136 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 114 % during the last two months.
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 $1,968 they are 20 % more affordable than the average price for Charleston . The properties with the highest average price have 4 bedrooms, Their price is 55 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,155.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.74 / sq.feet, with an average $3.16 / sq.feet price in Charleston. The properties with the most expensive average prices have 3 bedrooms. They are 26 % more expensive than the average followed by properties with 1 bedroom with a price at $3.44 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of $1,968 it is 52 % more affordable than the average price in Charleston. "Condo" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $2,029 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $2.59 / sq.feet followed by "Condo" priced at $7.67 / sq.feet. "Office" is the most expensive type of property with a $11.79 / sq.feet value followed by "Condo" with an average price of $7.67 / sq.feet.