The rent prices in real estate in Hillsborough, 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 Hillsborough has risen strongly during the last 6 months. In March, the average price per sq.feet was $1.35. In April this price barely changed remaining at $1.36 per sq.feet. The price for the following two months in (May, June) had a considerable rise of 128 %. The price per sq.feet has had a considerable rise of 120 % 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 $1.54 to $1.85 during July, and August.
When referring to the price in Hillsborough (cities), this has risen in the last 6 months. In our first sample month during March, the average price is $1,612. In April This price remains at $1,561. During the following two months (May, June) the average price had a considerable rise of 115 % 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 106 % 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 $1,737 they are 10 % more affordable than the average price for Hillsborough . The properties with the highest average price have 4 bedrooms, Their price is 376 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,022.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.27 / sq.feet, with an average $1.98 / sq.feet price in Hillsborough. The properties with the most expensive average prices have 4 bedrooms. They are 2627 % more expensive than the average followed by properties with 1 bedroom with a price at $2.92 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,737 it is 33 % more affordable than the average price in Hillsborough. "House" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "House". At a price of $1,613 it is 183 % 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 / sq.feet followed by "Land" priced at $42 / sq.feet. "Land" is the most expensive type of property with a $42 / sq.feet value followed by "House" with an average price of $1 / sq.feet.