The average rent price in the North Carolina region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.
The price per sq.feet in North Carolina has risen considerably in the last 6 months. During June, the average price per sq.feet was $1.11. The following month (July) the price had a considerable rise reaching $1.38 per sq.feet. The following two months (August, September) went through a rise of 107 % in the rent price per sq.feet rising from $1.25 to $1.34 per sq.feet. In the last two months, the price per sq.feet has risen 107 %. This has been obtained by comparing the price $1.29 for the first four months of the sample with regard to the previous 4 months and the price $1.38 per sq.feet for the last two months (October, November).
When referring to the price in North Carolina(region), there have hardly been any changes in the last 6 months. In the first month sample June the average price is $1,344. In July the price remains at $1,408. In the following two months the average price practically remained the same compared to the previous two going from $1,376 to $1,380.5. During the last two months the average price has not gone through any changes and has gone from $1,378.25 to $1,413.5 during October and November.
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 14 % cheaper than the average price in North Carolina followed by those with 2 with an average price of $1,447. The most expensive properties have 4 bedrooms. They are 33 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,590.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $0.89 / sq.feet being $1.39 / sq.feet the average for North Carolina. The properties with the highest average price are those with 1 bedroom. These are 27 % more expensive than the average followed by those with 2 bedrooms with a price of $1.39 / sq.feet.
The graph displaying the average rent price according to the property type shows "House" as the most affordable one. With an average cost of $1,423 it is 18 % cheaper than the average in North Carolina. This is followed by "" with a cost of $1,237. The most expensive property type is "Townhouse" and is 48 % more costly than the average, followed by "Commercial" with a cost of $1,690.
Based upon the average cost per sq.feet the most affordable property type is "Land with a an average price of $1.05 / sq.feet, followed by "House" with a price of $9.75 / sq.feet. "Townhouse" with an average price of $69.94 / sq.feet is the most expensive type of property followed by "Condo" at a price of $49.23 / sq.feet.