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.