The rent prices in real estate in Herndon, in the Virginia region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Herndon has risen during the last 6 months. In December, the average price per sq.feet was $1.76. In January this price barely changed remaining at $1.78 per sq.feet. In the following two months the price per sq.feet has risen 111 %, going from $1.77 to $1.97 per sq.feet. The price per sq.feet has risen 107 % 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 $1.87 to $2 during April, and May.
When referring to the price in Herndon (cities), there have hardly been any changes in the last 6 months. In our first sample month during December, the average price is $1,773. In January This price remains at $1,785. In the following two months the average price has hardly changed with regard to the previous two months from $1,779 to $1,848. Based on an analysis of the first four prices and the last two months the average price has increased 105 % 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 $2,000 they are 13 % more affordable than the average price for Herndon . The properties with the highest average price have 4 bedrooms, Their price is 39 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,366.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.64 / sq.feet, with an average $2 / sq.feet price in Herndon. The properties with the most expensive average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.89 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $2,000 it is 0 % more affordable than the average price in Herndon. "House" is seen as the second most affordable property type. The most expensive property type is "" followed by "Condo". At a price of $2,234 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1 / sq.feet followed by "Townhouse" priced at $1.43 / sq.feet. "House" is the most expensive type of property with a $2.1 / sq.feet value followed by "Townhouse" with an average price of $1.43 / sq.feet.