The rent prices in real estate in Mars Hill, 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 Mars Hill has had a strong fall during the last 6 months. In February, the average price per sq.feet was $1.17. In the following month the price per sq.feet rose considerably to $1.52. The price for the following two months in (April, May) had a considerable fall of 78 with regard to the previous two months. The price per sq.feet has had a considerable fall of 42 % 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 $1.19 to $0.5 during June, and July.
When referring to the price in Mars Hill (cities), this has risen considerably in the last 6 months. The average price during our first sample month during February, is $917. During March the price went through a considerable rise reaching $1,595. During the following two months (April, May) the average price had a considerable rise of 142 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,521.25 to $1,264.5, which means a 83 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most expensive ones. At a price of $916 they are 37 % more expensive than the average price for Mars Hill. Following this ranking we find those properties with 1 at an average price of $1,441. The properties with the highest average price have 1 bedroom, Their price is 57 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,256.
With regard to the average prices per sq.feet those properties with 1 bedroom are 3100 % more expensive than the average price of ($32 / sq.feet) in Mars Hill. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 3100 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "" as the most expensive one. At an cost of $916 it is 16 % more expensive than the average price in Mars Hill. "House" is seen as the second most expensive property type. The most expensive property type is "House" followed by "". At a price of $1,067 it is 57 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $32 / sq.feet. "House" at an average price of $32 / sq.feet has the highest price and would be directed at more affluent cities.