The average rent price in the North Carolina region has had a strong fall in recent months. There has been a strong fall in the rent prices in this region.
The price per sq.feet in North Carolina has fallen considerably in the last 6 months. During July, the average price per sq.feet was $3.06. The following month (August) the price had a considerable fall reaching $1.04 per sq.feet. The following two months (September, October) went through a considerable fall of 56 % in the rent price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant fall of 64 %. This has been obtained by comparing the price of $1.6 for the first four months of the sample with regard to the previous 4 months and the price of $1.02 per sq.feet for the last two months (November, December).
When referring to the price in North Carolina (region), this has fallen in the last 6 months. July has an average price of $1,363. During Augustthe price had a slight fall till $1,189. In the following two months the average price practically remained the same compared to the previous two going from $1,276 to $1,260. During the last two months the average price has not gone through any changes and has gone from $1,268 to $1,226.5 during November and December.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 19 % cheaper than the average price in North Carolina followed by those with 2 with an average price of $1,130. The most expensive properties have 4 bedrooms. They are 35 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,341.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $0.82 / sq.feet being $0.95 / sq.feet the average for North Carolina. The properties with the highest average price are those with 1 bedroom. These are 193 % more expensive than the average followed by those with 2 bedrooms with a price of $1.08 / sq.feet.
The graph displaying the average rent price according to the property type shows "Villa" as the most affordable one. With an average cost of $1,233 it is 28 % cheaper than the average in North Carolina. This is followed by "House" with a cost of $1,112. The most expensive property type is "Townhouse" and is 31 % more costly than the average, followed by "Condo" with a cost of $1,327.
Based upon the average cost per sq.feet the most affordable property type is "Villa with a an average price of $0.85 / sq.feet, followed by "Condo" with a price of $0.88 / sq.feet. "Townhouse" with an average price of $51.38 / sq.feet is the most expensive type of property followed by "House" at a price of $1.16 / sq.feet.