The rent prices in real estate in Fairfax, in the 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 Fairfax has risen strongly during the last 6 months. In April, the average price per sq.feet was $2.13. In May this price barely changed remaining at $2.22 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.17 to $2.13 per sq.feet. The price per sq.feet has had a considerable rise of 291 % 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 $2.15 to $6.28 during August, and September.
When referring to the price in Fairfax (cities), there have hardly been any changes in the last 6 months. In our first sample month during April, the average price is $1,981. In May This price remains at $1,990. In the following two months the average price has hardly changed with regard to the previous two months from $1,985.5 to $1,914.5. 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 $1,950 and $1,866.5 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 $1,851 they are 4 % more affordable than the average price for Fairfax . The properties with the highest average price have 4 bedrooms, Their price is 53 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,493.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.27 / sq.feet, with an average $10.51 / sq.feet price in Fairfax. The properties with the most expensive average prices have 2 bedrooms. They are 495 % more expensive than the average followed by properties with 1 bedroom with a price at $46.27 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,851 it is 17 % more affordable than the average price in Fairfax. "House" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $2,075 it is 40 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1.53 / sq.feet followed by "Condo" priced at $1.96 / sq.feet. "Apartment" is the most expensive type of property with a $77.18 / sq.feet value followed by "House" with an average price of $2.11 / sq.feet.