The average rent price in the South 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 South Carolina has fallen considerably in the last 6 months. During June, the average price per sq.feet was $3.92. The following month (July) the price had a considerable rise reaching $5.12 per sq.feet. The following two months (August, September) went through a considerable fall of 24 % 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 39 %. This has been obtained by comparing the price of $2.81 for the first four months of the sample with regard to the previous 4 months and the price of $1.1 per sq.feet for the last two months (October, November).
When referring to the price in South Carolina(region), this has risen in the last 6 months. The average rent price in June is $1,232. In July the price rose to $1,312. In the following two months the average price practically remained the same compared to the previous two going from $1,272 to $1,288. During the last two months the average price has not gone through any changes and has gone from $1,280 to $1,317.5 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 29 % cheaper than the average price in South Carolina followed by those with 2 with an average price of $1,035. The most expensive properties have 4 bedrooms. They are 31 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,354.
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 $1.09 / sq.feet the average for South Carolina. The properties with the highest average price are those with 1 bedroom. These are 30 % more expensive than the average followed by those with 2 bedrooms with a price of $1.07 / sq.feet.
The graph displaying the average rent price according to the property type shows "Land" as the most affordable one. With an average cost of $1,371 it is 25 % cheaper than the average in South Carolina. This is followed by "House" with a cost of $1,220. The most expensive property type is "Townhouse" and is 308 % more costly than the average, followed by "Condo" with a cost of $1,461.
Based upon the average cost per sq.feet the most affordable property type is "Land with a an average price of $0.81 / sq.feet, followed by "Townhouse" with a price of $0.99 / sq.feet. "Commercial" with an average price of $1.15 / sq.feet is the most expensive type of property followed by "House" at a price of $1.08 / sq.feet.