The rent prices in real estate in Rocky Mount, 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 Rocky Mount has had a strong fall during the last 6 months. In July, the average price per sq.feet was $4.55. In the following month the price per sq.feet fell considerably to $0.75. The price for the following two months in (September, October) had a considerable fall of 27 with regard to the previous two months. The price per sq.feet has had a considerable fall of 42 % 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 $1.69 to $0.71 during November, and December.
When referring to the price in Rocky Mount (cities), there have hardly been any changes in the last 6 months. The rent price in July is $759, rising in August till $804. In the following two months the average price has hardly changed with regard to the previous two months from $781.5 to $743.5. 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 $762.5 to $708 in November and December.
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 $685 they are 13 % more affordable than the average price for Rocky Mount . The properties with the highest average price have 4 bedrooms, Their price is 41 % more expensive than the average. After that we have properties with 3 bedrooms priced at $816.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.61 / sq.feet, with an average $0.68 / sq.feet price in Rocky Mount. The properties with the most expensive average prices have 1 bedroom. They are 38 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.68 / sq.feet.
According to average price per property type in Rocky Mount, "" priced at $662 is 3 % lower than the average price ($685) in this city.