The rent prices in real estate in Farmville, 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 Farmville has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.76. In the following month the price per sq.feet fell considerably to $1.14. The price for the following two months in (December, January) had a considerable fall of 85 with regard to the previous two months. The price per sq.feet has fallen 91 % 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 $1.34 to $1.23 during February, and March.
When referring to the price in Farmville (cities), this has risen in the last 6 months. In our first sample month during October, the average price is $1,065. In November This price remains at $1,050. In the following two months the average price has hardly changed with regard to the previous two months from $1,057.5 to $1,006. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 128 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,430 they are 41 % more affordable than the average price for Farmville . The properties with the lowest average price have 3 bedrooms, Their price is 2 % more affordable than the average. After that we have properties with 4 bedrooms priced at $1,065.
According to average price per property type in Farmville, "" priced at $1,065 is 26 % lower than the average price ($1,430) in this city.