The rent prices in real estate in Glen Allen, 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 Glen Allen has risen strongly during the last 6 months. In May, the average price per sq.feet was $1.04. In the following month the price per sq.feet rose considerably to $4.73. The price for the following two months in (July, August) had a considerable rise of 116 %. The price per sq.feet has had a considerable fall of 34 % 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 $3.12 to $1.05 during September, and October.
When referring to the price in Glen Allen (cities), this has risen in the last 6 months. The rent price in May is $1,708, rising in June till $1,854. In the following two months the average price has hardly changed with regard to the previous two months from $1,781 to $1,823. 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 $1,802 and $1,775 between September and October.
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 $1,820 they are 33 % more affordable than the average price for Glen Allen . The properties with the highest average price have 4 bedrooms, Their price is 19 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,752.
With regard to the average prices per sq.feet those properties with 1 bedroom are 2 % more affordable than the average price of ($1 / sq.feet) in Glen Allen. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 2 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,820 it is 18 % more affordable than the average price in Glen Allen. "Condo" is seen as the second most affordable property type. The most expensive property type is "" followed by "Condo". At a price of $1,774 it is 3 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "Apartment with an average cost of $1 / sq.feet. "Apartment" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.