The rent prices in real estate in Henrico, in the North Carolina 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 Henrico has risen strongly during the last 6 months. In July, the average price per sq.feet was $1.33. In August this price barely changed remaining at $1.38 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.36 to $1.38 per sq.feet. The price per sq.feet has had a considerable rise of 2107 % 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 $1.37 to $28.86 during November, and December.
When referring to the price in Henrico (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $1,288. In August This price remains at $1,343. During the following two months (September, October) the average price fell 95 % 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 increased 108 % during the last two months.
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 $1,462 they are 10 % more affordable than the average price for Henrico . The properties with the highest average price have 4 bedrooms, Their price is 20 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,747.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.04 / sq.feet, with an average $56.32 / sq.feet price in Henrico. The properties with the most expensive average prices have 2 bedrooms. They are 21 % more expensive than the average followed by properties with 1 bedroom with a price at $51.94 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,462 it is 23 % more affordable than the average price in Henrico. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of $1,658 it is 53 % 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 $1.13 / sq.feet followed by "Condo" priced at $85.77 / sq.feet. "Townhouse" is the most expensive type of property with a $103 / sq.feet value followed by "Apartment" with an average price of $86.95 / sq.feet.