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 July, the average price per sq.feet was $12.09. In the following month the price per sq.feet fell considerably to $0.9. The price for the following two months in (September, October) had a considerable fall of 17 with regard to the previous two months. The price per sq.feet has had a considerable fall of 25 % 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 $3.8 to $0.97 during November, and December.
When referring to the price in Blacksburg (cities), this has risen in the last 6 months. The average price for July is $1,212. During August the price had a slight fall till $1,104. During the following two months (September, October) the price has had an average rise from $1,158 to $1,297.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 117 % 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 $1,445 they are 38 % more affordable than the average price for Blacksburg . The properties with the highest average price have 4 bedrooms, Their price is 59 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,470.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $1 / sq.feet, with an average $0.87 / sq.feet price in Blacksburg. The properties with the most expensive average prices have 1 bedroom. They are 53 % more expensive than the average followed by properties with 2 bedrooms with a price at $1 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,445 it is 7 % more affordable than the average price in Blacksburg. "" is seen as the second most affordable property type. The most expensive property type is "" followed by "Apartment". At a price of $1,338 it is 36 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "Apartment with an average cost of $1 / sq.feet. "Apartment" at an average price of $1 / sq.feet has the highest price and would be directed at more affluent cities.