The average rent price in the South 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 South Carolina has risen considerably in the last 6 months. During October, the average price per sq.feet was $1.3. The following month (November) the price rose to $1.41 per sq.feet. In the following two months (December, January) the rent price per sq.feet has increased notably to a 237 %. In the last two months, the price per sq.feet has had a significant rise of 456 %. This has been obtained by comparing the price of $2.28 for the first four months of the sample with regard to the previous 4 months and the price of $10.41 per sq.feet for the last two months (February, March).
When referring to the price in South Carolina(region), there have hardly been any changes in the last 6 months. October has an average price of $1,388. During Novemberthe price had a slight fall till $1,303. In the following two months the average price practically remained the same compared to the previous two going from $1,345.5 to $1,342.5. During the last two months the price has gone up 106 % compared to the previous average values going from $1,344 a $1,425 in February y March.
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 7 % cheaper than the average price in South Carolina followed by those with 2 with an average price of $1,396. The most expensive properties have 4 bedrooms. They are 44 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,866.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $1.07 / sq.feet being $2.76 / sq.feet the average for South Carolina. The properties with the highest average price are those with 1 bedroom. These are 358 % more expensive than the average followed by those with 2 bedrooms with a price of $6.4 / 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 $1,355 it is 13 % cheaper than the average in South Carolina. This is followed by "Land" with a cost of $1,555. The most expensive property type is "Townhouse" and is 76 % more costly than the average, followed by "Condo" with a cost of $1,806.
Based upon the average cost per sq.feet the most affordable property type is "House with a an average price of $1.26 / sq.feet, followed by "Land" with a price of $1.27 / sq.feet. "Condo" with an average price of $104.78 / sq.feet is the most expensive type of property followed by "Townhouse" at a price of $62.69 / sq.feet.