The rent prices in real estate in Charlotte, 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 Charlotte has risen strongly during the last 6 months. In November, the average price per sq.feet was $1.57. In December this price barely changed remaining at $1.56 per sq.feet. The price for the following two months in (January, February) had a considerable rise of 172 %. The price per sq.feet has had a considerable fall of 81 % 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 $2.12 to $1.72 during March, and April.
When referring to the price in Charlotte (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $1,485. In December This price remains at $1,503. In the following two months the average price has hardly changed with regard to the previous two months from $1,494 to $1,467.5. 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 $1,480.75 and $1,542 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 $1,546 they are 13 % more affordable than the average price for Charlotte . The properties with the highest average price have 4 bedrooms, Their price is 30 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,844.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.96 / sq.feet, with an average $1.71 / sq.feet price in Charlotte. The properties with the most expensive average prices have 1 bedroom. They are 6 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.52 / sq.feet.
The graph displaying the average rent prices displays the property type "Duplex" as the most affordable one. At an cost of $1,546 it is 16 % more affordable than the average price in Charlotte. "" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $1,839 it is 32 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Duplex" at an average price of $1.37 / sq.feet followed by "House" priced at $1.81 / sq.feet. "Townhouse" is the most expensive type of property with a $123.7 / sq.feet value followed by "Condo" with an average price of $107.69 / sq.feet.