The rent prices in real estate in Fayetteville, 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 Fayetteville has risen strongly during the last 6 months. In November, the average price per sq.feet was $0.86. In the following month the price per sq.feet rose considerably to $1.08. In the following two months the price per sq.feet has risen 111 %, going from $0.97 to $1.08 per sq.feet. The price per sq.feet has risen 110 % 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 $1.03 to $1.13 during March, and April.
When referring to the price in Fayetteville (cities), this has risen considerably in the last 6 months. The average price during our first sample month during November, is $1,048. During December the price went through a considerable rise reaching $1,354. During the following two months (January, February) the price has had an average rise from $1,201 to $1,302.5. 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 $1,251.75 and $1,287.5 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 $1,324 they are 21 % more affordable than the average price for Fayetteville . The properties with the highest average price have 4 bedrooms, Their price is 47 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,464.
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 $1.14 / sq.feet price in Fayetteville. The properties with the most expensive average prices have 1 bedroom. They are 35 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.17 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,324 it is 42 % more affordable than the average price in Fayetteville. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,184 it is 12 % 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 $1.05 / sq.feet followed by "Condo" priced at $1.36 / sq.feet. "Townhouse" is the most expensive type of property with a $12 / sq.feet value followed by "Condo" with an average price of $1.36 / sq.feet.