The rent prices in real estate in New Bern, 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 New Bern has had a strong fall during the last 6 months. In April, the average price per sq.feet was $6.08. In the following month the price per sq.feet fell considerably to $4.83. The price for the following two months in (June, July) had a considerable fall of 84 with regard to the previous two months. The price per sq.feet has had a considerable fall of 17 % 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 $5.01 to $0.86 during August, and September.
When referring to the price in New Bern (cities), this has risen in the last 6 months. In our first sample month during April, the average price is $1,167. In May This price remains at $1,169. In the following two months the average price has hardly changed with regard to the previous two months from $1,168 to $1,179. Based on an analysis of the first four prices and the last two months the average price has increased 113 % 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 $1,373 they are 34 % more affordable than the average price for New Bern . The properties with the highest average price have 4 bedrooms, Their price is 16 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,395.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.68 / sq.feet, with an average $0.86 / sq.feet price in New Bern. The properties with the most expensive average prices have 1 bedroom. They are 112 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.09 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,373 it is 48 % more affordable than the average price in New Bern. "Office" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Office". At a price of $1,023 it is 2 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $1 / sq.feet followed by "House" priced at $2.02 / sq.feet. "Office" is the most expensive type of property with a $7 / sq.feet value followed by "House" with an average price of $2.02 / sq.feet.