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 March, the average price per sq.feet was $1.03. In the following month the price per sq.feet rose considerably to $1.24. In the following two months the price per sq.feet has risen 113 %, going from $1.13 to $1.28 per sq.feet. The price per sq.feet has had a considerable rise of 119 % 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 $1.21 to $1.45 during July, and August.
When referring to the price in Glen Allen (cities), there have hardly been any changes in the last 6 months. The average price for March is $1,648. During April the price had a slight fall till $1,553. During the following two months (May, June) the price has had an average rise from $1,600.5 to $1,692. 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 $1,646.25 and $1,608.5 between July and August.
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 $1,570 they are 23 % more affordable than the average price for Glen Allen . 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 $1,861.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.08 / sq.feet, with an average $1.52 / sq.feet price in Glen Allen. The properties with the most expensive average prices have 4 bedrooms. They are 600 % more expensive than the average followed by properties with 1 bedroom with a price at $1.81 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,570 it is 15 % more affordable than the average price in Glen Allen. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,764 it is 36 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $1.57 / sq.feet followed by "Apartment" priced at $1.69 / sq.feet. "Apartment" is the most expensive type of property with a $1.69 / sq.feet value followed by "House" with an average price of $1.57 / sq.feet.