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 January, the average price per sq.feet was $1.43. In the following month the price per sq.feet fell to $1.3. In the following two months the price per sq.feet has practically remained the same, going from $1.37 to $1.3 per sq.feet. The price per sq.feet has fallen 92 % 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 $1.34 to $1.23 during May, and June.
When referring to the price in Blacksburg (cities), this has risen in the last 6 months. The rent price in January is $1,492, rising in February till $1,667. In the following two months the average price has hardly changed with regard to the previous two months from $1,579.5 to $1,648.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,614 and $1,603 between May and June.
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 $1,602 they are 40 % more affordable than the average price for Blacksburg . The properties with the highest average price have 4 bedrooms, Their price is 26 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,562.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.95 / sq.feet, with an average $1.19 / sq.feet price in Blacksburg. The properties with the most expensive average prices have 4 bedrooms. They are 25 % more expensive than the average followed by properties with 1 bedroom with a price at $1.25 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,602 it is 12 % more affordable than the average price in Blacksburg. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,605 it is 12 % 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 $1.14 / sq.feet followed by "Apartment" priced at $1.19 / sq.feet. "Apartment" is the most affordable type of property with a $1.19 / sq.feet value followed by "House" with an average price of $1.14 / sq.feet.