The rent prices in real estate in Hilton Head Island, in the South 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 Hilton Head Island has risen strongly during the last 6 months. In December, the average price per sq.feet was $1.44. In the following month the price per sq.feet rose considerably to $1.66. In the following two months the price per sq.feet has risen 108 %, going from $1.55 to $1.67 per sq.feet. The price per sq.feet has risen 111 % 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 $1.61 to $1.79 during April, and May.
When referring to the price in Hilton Head Island (cities), this has risen considerably in the last 6 months. The average price during our first sample month during December, is $1,492. During January the price went through a considerable rise reaching $2,491. During the following two months (February, March) the price has had an average rise from $1,991.5 to $2,181.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 87 %, going from $2,086.5 to $1,813.5 in April and May.
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 $2,131 they are 38 % more affordable than the average price for Hilton Head Island . The properties with the highest average price have 4 bedrooms, Their price is 152 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,319.
With regard to the average prices per sq.feet those properties with 1 bedroom are 38 % more affordable than the average price of ($1 / sq.feet) in Hilton Head Island. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 38 % more affordable than the average value aforementioned.
According to average price per property type in Hilton Head Island, "" priced at $1,659 is 22 % lower than the average price ($2,131) in this city.