The rent prices in real estate in North Myrtle Beach, 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 North Myrtle Beach has had a strong fall during the last 6 months. In May, the average price per sq.feet was $167.68. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (July, August) had a considerable fall of 1 with regard to the previous two months. The price per sq.feet has had a considerable fall of 3 % 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 $42.78 to $1.12 during September, and October.
When referring to the price in North Myrtle Beach (cities), this has fallen considerably in the last 6 months. The average price for May is $7,498. During June the price had a considerable fall till $1,126. During the following two months (July, August) the average price had a considerable fall of 29 % 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 $2,791.75 to $1,258, which means a 45 % 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 $1,225 they are 24 % more affordable than the average price for North Myrtle Beach . The properties with the highest average price have 3 bedrooms, Their price is 31 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,097.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.02 / sq.feet, with an average $1.11 / sq.feet price in North Myrtle Beach. The properties with the most expensive average prices have 1 bedroom. They are 32 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.06 / sq.feet.
According to average price per property type in North Myrtle Beach, "" priced at $1,084 is 12 % lower than the average price ($1,225) in this city.