The prices in real estate in Roanoke Rapids, in the North Carolina region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Roanoke Rapids has increased strongly during the last 6 months. In October, the average price per sq.feet was $347. In the following month the price per sq.feet increased considerably to $482. The price for the following two months in (December, January) had a considerable increment of 338 %. The price per sq.feet has had a considerable increase of 517 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $908.25 to $4,697 during February, and March.
Based upon to the price in Roanoke Rapids (cities), this has gone downing the last 6 months. The average price for October is $198,798. During November the price had a slight fall till $188,423. In the following two months the average price has remained the same with regard to the previous two months from $193,610.5 to $188,618.5. During the last two months the average price has had a strong fall compared to the previous four going from $191,114.5 to $155,836.5, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $149,941 they are 56 % more affordable than the average price for Roanoke Rapids. The properties with the highest average price have 4 bedrooms, Their price is 92 % more costly than the average. After that we have properties with 3 bedrooms priced at $176,106.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $46 / sq.feet, with an average $6,951 / sq.feet price in Roanoke Rapids. The properties with the lowest average prices have 4 bedrooms. They are 98 % cheaper than the average followed by properties with 3 bedrooms with a price at $109 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $149,941 it is 21 % cheaper than the average price in Roanoke Rapids. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $121,057 it is 27 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $17 / sq.feet followed by "Apartment" priced at $23 / sq.feet. "House" is the cheapest type of property with a $103 / sq.feet value followed by "Apartment" with an average price of $23 / sq.feet.