The rent prices in real estate in Charles Town, in the West Virginia region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Charles Town has risen strongly during the last 6 months. In April, the average price per sq.feet was $1.22. In May this price barely changed remaining at $1.28 per sq.feet. The price for the following two months in (June, July) had a considerable rise of 115 %. The price per sq.feet has had a considerable rise of 117 % 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 $1.35 to $1.58 during August, and September.
When referring to the price in Charles Town (cities), there have hardly been any changes in the last 6 months. In our first sample month during April, the average price is $1,813. In May This price remains at $1,853. During the following two months (June, July) the average price fell 91 % with regard to the previous two months. 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 $1,751.75 and $1,793.5 between August and September.
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 $1,810 they are 29 % more affordable than the average price for Charles Town . The properties with the highest average price have 4 bedrooms, Their price is 23 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,920.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.75 / sq.feet, with an average $1.55 / sq.feet price in Charles Town. The properties with the most expensive average prices have 2 bedrooms. They are 52 % more expensive than the average followed by properties with 1 bedroom with a price at $2.18 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,810 it is 23 % more affordable than the average price in Charles Town. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Detached House" followed by "House". At a price of $1,864 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Detached House" at an average price of $1.37 / sq.feet followed by "House" priced at $1.69 / sq.feet. "Apartment" is the most expensive type of property with a $1.77 / sq.feet value followed by "House" with an average price of $1.69 / sq.feet.