The rent prices in real estate in North Myrtle Beach, in the South Carolina region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in North Myrtle Beach has risen during the last 6 months. In October, the average price per sq.feet was $1.11. In November this price barely changed remaining at $1.1 per sq.feet. In the following two months the price per sq.feet has risen 111 %, going from $1.11 to $1.23 per sq.feet. The price per sq.feet has had a considerable rise of 118 % 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 $1.16 to $1.38 during February, and March.
When referring to the price in North Myrtle Beach (cities), this has risen in the last 6 months. In our first sample month during October, the average price is $1,225. In November This price remains at $1,248. In the following two months the average price has hardly changed with regard to the previous two months from $1,236.5 to $1,213. Based on an analysis of the first four prices and the last two months the average price has increased 114 % 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 $1,253 they are 32 % more affordable than the average price for North Myrtle Beach . The properties with the highest average price have 3 bedrooms, Their price is 32 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,128.
According to average price per property type in North Myrtle Beach, "" priced at $1,074 is 14 % lower than the average price ($1,253) in this city.