The rent prices in real estate in Stone Mountain, in the Georgia 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 Stone Mountain has had a strong fall during the last 6 months. In June, the average price per sq.feet was $6.89. In the following month the price per sq.feet fell to $6.03. The price for the following two months in (August, September) had a considerable fall of 14 with regard to the previous two months. The price per sq.feet has had a considerable fall of 24 % 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 $3.68 to $0.89 during October, and November.
When referring to the price in Stone Mountain (cities), there have hardly been any changes in the last 6 months. The average price for June is $1,284. During July the price had a slight fall till $1,217. During the following two months (August, September) the price has had an average rise from $1,250.5 to $1,316.5. 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 $1,283.5 and $1,308.5 between October and November.
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 $1,262 they are 30 % more affordable than the average price for Stone Mountain . The properties with the highest average price have 3 bedrooms, Their price is 9 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,343.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.67 / sq.feet, with an average $0.89 / sq.feet price in Stone Mountain. The properties with the most expensive average prices have 3 bedrooms. They are 269 % more expensive than the average followed by properties with 1 bedroom with a price at $1.26 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,262 it is 16 % more affordable than the average price in Stone Mountain. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $1,141 it is 10 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $0.84 / sq.feet followed by "Apartment" priced at $0.94 / sq.feet. "Apartment" is the most expensive type of property with a $0.94 / sq.feet value followed by "House" with an average price of $0.84 / sq.feet.