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 June, the average price per sq.feet was $5.73. In the following month the price per sq.feet fell considerably to $3.3. The price for the following two months in (August, September) had a considerable fall of 32 with regard to the previous two months. The price per sq.feet has had a considerable fall of 38 % 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 $2.98 to $1.12 during October, and November.
When referring to the price in New Bern (cities), there have hardly been any changes in the last 6 months. The rent price in June is $1,193, rising in July till $1,279. In the following two months the average price has hardly changed with regard to the previous two months from $1,236 to $1,176.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $1,206.25 to $1,129 in October and November.
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 $1,219 they are 32 % more affordable than the average price for New Bern . The properties with the highest average price have 4 bedrooms, Their price is 28 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,290.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.98 / sq.feet, with an average $1.22 / sq.feet price in New Bern. The properties with the most expensive average prices have 4 bedrooms. They are 802 % more expensive than the average followed by properties with 1 bedroom with a price at $1.95 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,219 it is 6 % more affordable than the average price in New Bern. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,151 it is 6 % 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 $9 / sq.feet. "House" at an average price of $9 / sq.feet has the highest price and would be directed at more affluent cities.