The rent prices in real estate in Charlottesville, in the Virginia region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Charlottesville has risen during the last 6 months. In May, the average price per sq.feet was $2.32. In the following month the price per sq.feet rose considerably to $3.98. The price for the following two months in (July, August) fell 93 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 48 % 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 $3.05 to $1.47 during September, and October.
When referring to the price in Charlottesville (cities), this has risen in the last 6 months. In our first sample month during May, the average price is $1,509. In June This price remains at $1,498. In the following two months the average price has hardly changed with regard to the previous two months from $1,503.5 to $1,545. Based on an analysis of the first four prices and the last two months the average price has increased 114 % 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 $1,770 they are 31 % more affordable than the average price for Charlottesville . The properties with the highest average price have 4 bedrooms, Their price is 57 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,943.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.35 / sq.feet, with an average $1.45 / sq.feet price in Charlottesville. The properties with the most expensive average prices have 4 bedrooms. They are 21 % more expensive than the average followed by properties with 1 bedroom with a price at $1.62 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of $1,770 it is 68 % more affordable than the average price in Charlottesville. "Commercial" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,775 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Commercial" at an average price of $0.93 / sq.feet followed by "Office" priced at $1.08 / sq.feet. "House" is the most expensive type of property with a $1.69 / sq.feet value followed by "Condo" with an average price of $1.24 / sq.feet.