The rent prices in real estate in Culpeper, 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 Culpeper has had a strong fall during the last 6 months. In May, the average price per sq.feet was $6.95. In the following month the price per sq.feet rose to $7.63. The price for the following two months in (July, August) had a considerable fall of 60 with regard to the previous two months. The price per sq.feet has had a considerable fall of 21 % 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 $5.85 to $1.22 during September, and October.
When referring to the price in Culpeper (cities), this has risen in the last 6 months. The rent price in May is $1,308, rising in June till $1,413. In the following two months the average price has hardly changed with regard to the previous two months from $1,360.5 to $1,425.5. 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 $1,393 and $1,407 between September and October.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $1,359 they are 16 % more affordable than the average price for Culpeper . The properties with the highest average price have 1 bedroom, Their price is 13 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,166.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.28 / sq.feet price in Culpeper. The properties with the most expensive average prices have 1 bedroom. They are 23 % 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 "" as the most affordable one. At an cost of $1,359 it is 16 % more affordable than the average price in Culpeper. "Land" is seen as the second most affordable property type. The most affordable property is "Land" followed by "". At a price of $1,147 it is 0 % more affordable than the average price.
According to the average area price by sq.feet the most affordable property type is "Land with an average cost of $1 / sq.feet. "Land" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.