The rent prices in real estate in Blacksburg, in the Virginia region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Blacksburg has fallen during the last 6 months. In October, the average price per sq.feet was $1.77. In November this price barely changed remaining at $1.79 per sq.feet. The price for the following two months in (December, January) fell 92 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 81 % 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 $1.71 to $1.38 during February, and March.
When referring to the price in Blacksburg (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is $1,838. In November This price remains at $1,791. In the following two months the average price has hardly changed with regard to the previous two months from $1,814.5 to $1,798. During the last two months the average price has fallen greatly compared to the previous four going from $1,806.25 to $1,474, which means a 82 % fall.
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 $1,482 they are 17 % more affordable than the average price for Blacksburg . The properties with the highest average price have 4 bedrooms, Their price is 36 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,788.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.23 / sq.feet, with an average $1.36 / sq.feet price in Blacksburg. The properties with the most expensive average prices have 1 bedroom. They are 18 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.55 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,482 it is 36 % more affordable than the average price in Blacksburg. "Land" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,760 it is 68 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.11 / sq.feet followed by "Condo" priced at $1.28 / sq.feet. "Land" is the most expensive type of property with a $1.59 / sq.feet value followed by "Condo" with an average price of $1.28 / sq.feet.