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. In the following month the price per sq.feet rose considerably to $1.41. The price for the following two months in (January, February) had a considerable rise of 117 %. The price per sq.feet has had a considerable rise of 247 % 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 $1.31 to $3.24 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 $1,373. In December This price remains at $1,317. In the following two months the average price has hardly changed with regard to the previous two months from $1,345 to $1,379.5. Based on an analysis of the first four prices and the last two months the average price has increased 111 % 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 $1,467 they are 15 % more affordable than the average price for Charlotte . The properties with the highest average price have 4 bedrooms, Their price is 19 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,490.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.83 / sq.feet, with an average $4.2 / sq.feet price in Charlotte. The properties with the most expensive average prices have 1 bedroom. They are 137 % more expensive than the average followed by properties with 2 bedrooms with a price at $7.13 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of $1,467 it is 35 % more affordable than the average price in Charlotte. "House" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $1,470 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 $1.18 / sq.feet followed by "Office" priced at $11.58 / sq.feet. "Townhouse" is the most expensive type of property with a $140.12 / sq.feet value followed by "House" with an average price of $14.24 / sq.feet.