The rent prices in real estate in Greensboro, in the North Carolina region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Greensboro has had a strong fall during the last 6 months. In March, the average price per sq.feet was $27.52. In the following month the price per sq.feet fell considerably to $18.17. The price for the following two months in (May, June) had a considerable fall of 4 with regard to the previous two months. The price per sq.feet has fallen 85 % 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 $11.91 to $10.17 during July, and August.
When referring to the price in Greensboro (cities), there have hardly been any changes in the last 6 months. In our first sample month during March, the average price is $1,119. In April This price remains at $1,138. During the following two months (May, June) the average price had a considerable fall of 85 % 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 $1,328 they are 14 % more affordable than the average price for Greensboro . The properties with the highest average price have 4 bedrooms, Their price is 25 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,461.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.88 / sq.feet, with an average $19.29 / sq.feet price in Greensboro. The properties with the most affordable average prices have 1 bedroom. They are 10 % more affordable than the average followed by properties with 2 bedrooms with a price at $16.98 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,328 it is 35 % more affordable than the average price in Greensboro. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $1,433 it is 49 % 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 "Apartment" priced at $1.16 / sq.feet. "Condo" is the most expensive type of property with a $132.16 / sq.feet value followed by "Townhouse" with an average price of $59 / sq.feet.