The rent prices in real estate in Fairfax, 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 Fairfax has risen during the last 6 months. In November, the average price per sq.feet was $2.42. In December this price barely changed remaining at $2.5 per sq.feet. In the following two months the price per sq.feet has risen 105 %, going from $2.46 to $2.6 per sq.feet. The price per sq.feet has risen 108 % 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 $2.53 to $2.72 during March, and April.
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 November, the average price is $2,551. In December This price remains at $2,431. In the following two months the average price has hardly changed with regard to the previous two months from $2,491 to $2,454. 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 $2,472.5 and $2,513 between March and April.
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 $2,503 they are 11 % more affordable than the average price for Fairfax . The properties with the highest average price have 4 bedrooms, Their price is 55 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,083.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.88 / sq.feet, with an average $2.72 / sq.feet price in Fairfax. The properties with the most expensive average prices have 1 bedroom. They are 9 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.54 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $2,503 it is 5 % more affordable than the average price in Fairfax. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $3,439 it is 45 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.74 / sq.feet followed by "Townhouse" priced at $2.28 / sq.feet. "House" is the most expensive type of property with a $2.77 / sq.feet value followed by "Townhouse" with an average price of $2.28 / sq.feet.