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 March, the average price per sq.feet was $1.72. The following month (April) the price had a considerable fall reaching $1.45 per sq.feet. The price per sq.feet for the following two months barely changed going from $1.59 to $1.53 per sq.feet. In the last two months, the price per sq.feet has had a significant rise of 402 %. This has been obtained by comparing the price of $1.56 for the first four months of the sample with regard to the previous 4 months and the price of $6.26 per sq.feet for the last two months (July, August).
When referring to the price in North Carolina(region), this has risen in the last 6 months. In the first month sample March the average price is $1,492. In April the price remains at $1,471. The average price for the following two months (May, June) rose from $1,481.5 to $1,585.5. During the last two months the price has gone up 109 % compared to the previous average values going from $1,533.5 a $1,672.5 in July y August.
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 11 % cheaper than the average price in North Carolina followed by those with 2 with an average price of $1,734. The most expensive properties have 4 bedrooms. They are 26 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,779.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $0.98 / sq.feet being $11.08 / sq.feet the average for North Carolina. The properties with the highest average price are those with 1 bedroom. These are 167 % more expensive than the average followed by those with 2 bedrooms with a price of $15.1 / sq.feet.
The graph displaying the average rent price according to the property type shows "Detached House" as the most affordable one. With an average cost of $1,783 it is 33 % cheaper than the average in North Carolina. This is followed by "" with a cost of $1,229. The most expensive property type is "Condo" and is 18 % more costly than the average, followed by "Townhouse" with a cost of $2,046.
Based upon the average cost per sq.feet the most affordable property type is "Detached House with a an average price of $1 / sq.feet, followed by "Land" with a price of $1.15 / sq.feet. "Condo" with an average price of $139.31 / sq.feet is the most expensive type of property followed by "Townhouse" at a price of $7.87 / sq.feet.