The rent prices in real estate in Cornelius, 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 Cornelius has risen strongly during the last 6 months. In May, the average price per sq.feet was $1.16. In June this price barely changed remaining at $1.18 per sq.feet. The price for the following two months in (July, August) had a considerable rise of 483 %. The price per sq.feet has had a considerable fall of 35 % 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 $3.41 to $1.18 during September, and October.
When referring to the price in Cornelius (cities), this has risen in the last 6 months. The rent price in May is $1,368, rising in June till $1,467. During the following two months (July, August) the price has had an average rise from $1,417.5 to $1,517. Based on an analysis of the first four prices and the last two months the average price has increased 105 % 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 $1,524 they are 25 % more affordable than the average price for Cornelius . The properties with the highest average price have 4 bedrooms, Their price is 62 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,717.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.99 / sq.feet, with an average $1.18 / sq.feet price in Cornelius. The properties with the most expensive average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.23 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,524 it is 23 % more affordable than the average price in Cornelius. "Condo" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of $1,469 it is 13 % 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 $1.03 / sq.feet followed by "Condo" priced at $1.17 / sq.feet. "Townhouse" is the most expensive type of property with a $40 / sq.feet value followed by "Apartment" with an average price of $1.34 / sq.feet.