The rent prices in real estate in Orangeburg, 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 Orangeburg has had a strong fall during the last 6 months. In November, the average price per sq.feet was $1.17. In the following month the price per sq.feet fell to $1.08. The price for the following two months in (January, February) fell 93 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 78 % 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 $1.09 to $0.85 during March, and April.
When referring to the price in Orangeburg (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $1,070. In December This price remains at $1,017. In the following two months the average price has hardly changed with regard to the previous two months from $1,043.5 to $1,023.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,033.5 and $1,025.5 between March and April.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,075 they are 19 % more affordable than the average price for Orangeburg . The properties with the highest average price have 3 bedrooms, Their price is 28 % more expensive than the average. After that we have properties with 4 bedrooms priced at $906.
According to average price per property type in Orangeburg, "" priced at $886 is 18 % lower than the average price ($1,075) in this city.