Property prices for rent in Lynchburg (Virginia)
The rent prices in real estate in Lynchburg, in the Virginia region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Lynchburg has risen during the last 6 months. In October, the average price per sq.feet was $1.17. In the following month the price per sq.feet rose to $1.29. In the following two months the price per sq.feet has practically remained the same, going from $1.23 to $1.25 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $1.24 to $1.28 during February y March
When referring to the price in Lynchburg (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,333. In November This price remains at $1,358. In the following two months the average price has hardly changed with regard to the previous two months from $1,345.5 to $1,296.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $1,321 to $1,215.5 in February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,202 they are 15 % more affordable than the average price for Lynchburg . The properties with the highest average price have 4 bedrooms, Their price is 153 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,541.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.11 / sq.feet, with an average $1.26 / sq.feet price in Lynchburg. The properties with the most expensive average prices have 4 bedrooms. They are 23 % more expensive than the average followed by properties with 1 bedroom with a price at $1.5 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,202 it is 35 % more affordable than the average price in Lynchburg. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Land". At a price of $1,946 it is 63 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1 / sq.feet followed by "House" priced at $1.29 / sq.feet. "Land" is the most expensive type of property with a $2 / sq.feet value followed by "House" with an average price of $1.29 / sq.feet.
