The rent prices in real estate in Mount Pleasant, in the South 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 Mount Pleasant has had a strong fall during the last 6 months. In April, the average price per sq.feet was $10.41. In the following month the price per sq.feet rose to $11.16. The price for the following two months in (June, July) had a considerable fall of 78 with regard to the previous two months. The price per sq.feet has had a considerable fall of 15 % 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 $9.59 to $1.48 during August, and September.
When referring to the price in Mount Pleasant (cities), this has fallen considerably in the last 6 months. The average price for April is $2,328. During May the price had a considerable fall till $1,921. In the following two months the average price has hardly changed with regard to the previous two months from $2,124.5 to $2,094.5. During the last two months the average price has fallen greatly compared to the previous four going from $2,109.5 to $1,694, which means a 80 % fall.
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 $1,569 they are 18 % more affordable than the average price for Mount Pleasant . The properties with the highest average price have 4 bedrooms, Their price is 60 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,921.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.07 / sq.feet, with an average $1.46 / sq.feet price in Mount Pleasant. The properties with the most expensive average prices have 1 bedroom. They are 18 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.42 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,569 it is 8 % more affordable than the average price in Mount Pleasant. "Farm" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $1,877 it is 49 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.24 / sq.feet followed by "House" priced at $1.52 / sq.feet. "Farm" is the most expensive type of property with a $74 / sq.feet value followed by "Townhouse" with an average price of $63 / sq.feet.