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 September, the average price per sq.feet was $1.44. In October this price barely changed remaining at $1.39 per sq.feet. The price for the following two months in (November, December) had a considerable rise of 1183 %. The price per sq.feet has had a considerable rise of 161 % 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 $9.08 to $14.59 during January, and February.
When referring to the price in Glen Allen (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $1,524. In October This price remains at $1,567. In the following two months the average price has hardly changed with regard to the previous two months from $1,545.5 to $1,593.5. 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 $1,569.5 and $1,588 between January and February.
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 $1,604 they are 13 % more affordable than the average price for Glen Allen . The properties with the highest average price have 4 bedrooms, Their price is 34 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,067.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $16.32 / sq.feet price in Glen Allen. The properties with the most affordable average prices have 2 bedrooms. They are 2 % more affordable than the average followed by properties with 1 bedroom with a price at $13.36 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,604 it is 3 % more affordable than the average price in Glen Allen. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,764 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.08 / sq.feet followed by "Apartment" priced at $25.54 / sq.feet. "Condo" is the most expensive type of property with a $97.32 / sq.feet value followed by "Apartment" with an average price of $25.54 / sq.feet.