Property prices for rent in Blacksburg (Virginia)
The rent prices in real estate in Blacksburg, in the Virginia region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Blacksburg has had a strong fall during the last 6 months. In June, the average price per sq.feet was $11.32. In the following month the price per sq.feet rose to $12.09. The price for the following two months in (August, September) had a considerable fall of 9 with regard to the previous two months. The price per sq.feet has had a considerable fall of 17 % 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 $6.36 to $1.09 during October, and November.
When referring to the price in Blacksburg (cities), there have hardly been any changes in the last 6 months. In our first sample month during June, the average price is $1,224. In July This price remains at $1,212. During the following two months (August, September) the average price fell 94 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 119 % during the last two months.
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 $1,424 they are 42 % more affordable than the average price for Blacksburg . The properties with the highest average price have 4 bedrooms, Their price is 62 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,472.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.81 / sq.feet, with an average $1.07 / sq.feet price in Blacksburg. The properties with the most expensive average prices have 2 bedrooms. They are 23 % more expensive than the average followed by properties with 1 bedroom with a price at $1.29 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,424 it is 30 % more affordable than the average price in Blacksburg. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $1,340 it is 38 % 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 $0.82 / sq.feet followed by "Condo" priced at $1 / sq.feet. "Apartment" is the most expensive type of property with a $1.23 / sq.feet value followed by "Condo" with an average price of $1 / sq.feet.
