The rent prices in real estate in Southern Pines, 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 Southern Pines has had a strong fall during the last 6 months. In April, the average price per sq.feet was $11.6. In May this price barely changed remaining at $11.33 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $11.47 to $10.97 per sq.feet. The price per sq.feet has had a considerable fall of 9 % 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 $11.22 to $0.99 during August, and September.
When referring to the price in Southern Pines (cities), there have hardly been any changes in the last 6 months. The average price for April is $1,457. During May the price had a considerable fall till $1,190. During the following two months (June, July) the price has had an average rise from $1,323.5 to $1,414.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 115 % 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 31 % more affordable than the average price of $1,121 in Southern Pines. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 31 % more affordable than the average aforementioned.
According to average price per property type in Southern Pines, "" priced at $1,121 is 31 % lower than the average price ($1,615) in this city.