The rent prices in real estate in Harrisonburg, 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 Harrisonburg has had a strong fall during the last 6 months. In January, the average price per sq.feet was $1.59. In the following month the price per sq.feet fell considerably to $0.7. The price for the following two months in (March, April) had a considerable fall of 61 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 $0.92 to $0.83 during May, and June.
When referring to the price in Harrisonburg (cities), there have hardly been any changes in the last 6 months. The average price for January is $850. During February the price had a considerable fall till $690. During the following two months (March, April) the average price fell 92 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 149 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,095 they are 30 % more affordable than the average price for Harrisonburg . The properties with the highest average price have 3 bedrooms, Their price is 25 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,252.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.41 / sq.feet, with an average $0.81 / sq.feet price in Harrisonburg. The properties with the most expensive average prices have 1 bedroom. They are 89 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.01 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,095 it is 50 % more affordable than the average price in Harrisonburg. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,048 it is 24 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $0.75 / sq.feet followed by "House" priced at $0.85 / sq.feet. "Condo" is the most expensive type of property with a $31 / sq.feet value followed by "House" with an average price of $0.85 / sq.feet.