The rent prices in real estate in Oak Island, 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 Oak Island has had a strong fall during the last 6 months. In August, the average price per sq.feet was $20. In the following month the price per sq.feet fell considerably to . The price for the following two months in (October, November) had a considerable fall of 6 with regard to the previous two months. The price per sq.feet has had a considerable fall of 23 % 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 $5.31 to $1.22 during December, and January.
When referring to the price in Oak Island (cities), this has risen in the last 6 months. In our first sample month during August, the average price is $1,269. In September This price remains at $1,231. In the following two months the average price has hardly changed with regard to the previous two months from $1,250 to $1,309.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 121 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 16 % more affordable than the average price of $1,249 in Oak Island. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 16 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 681 % more expensive than the average price of ($10 / sq.feet) in Oak Island. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 681 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $1,488 it is 31 % more affordable than the average price in Oak Island. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Land". At a price of $1,020 it is 16 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $10 / sq.feet followed by "Land" priced at $16 / sq.feet. "Land" is the most expensive type of property with a $16 / sq.feet value followed by "House" with an average price of $10 / sq.feet.