Property prices for rent in North Myrtle Beach (South Carolina)
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 October, the average price per sq.feet was $2.19. In the following month the price per sq.feet fell considerably to $1.8. The price for the following two months in (December, January) fell 87 % with regard to the previous two months. The price per sq.feet has fallen 93 % 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 $1.86 to $1.73 during February, and March.
When referring to the price in North Myrtle Beach (cities), this has fallen in the last 6 months. The average price for October is $2,144. During November the price had a slight fall till $1,975. During the following two months (December, January) the average price fell 93 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $1,987.5 to $1,842.5 in February and March.
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 $1,822 they are 20 % more affordable than the average price for North Myrtle Beach . The properties with the highest average price have 4 bedrooms, Their price is 69 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,118.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.75 / sq.feet price in North Myrtle Beach. The properties with the most expensive average prices have 1 bedroom. They are 58 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.72 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,822 it is 46 % more affordable than the average price in North Myrtle Beach. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $2,327 it is 37 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "Condo with an average cost of $2 / sq.feet. "Condo" at an average price of $2 / sq.feet has the highest price and would be directed at more affluent cities.
