Property prices for rent in Herndon (Virginia)
The rent prices in real estate in Herndon, in the Virginia region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Herndon has fallen during the last 6 months. In July, the average price per sq.feet was $1.97. In August this price barely changed remaining at $1.96 per sq.feet. The price for the following two months in (September, October) fell 95 % with regard to the previous two months. The price per sq.feet has fallen 93 % 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 $1.91 to $1.78 during November, and December.
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 July, the average price is $1,788. In August This price remains at $1,776. In the following two months the average price has hardly changed with regard to the previous two months from $1,782 to $1,727.5. 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 $1,754.75 and $1,730.5 between November and December.
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 $1,773 they are 15 % more affordable than the average price for Herndon . The properties with the highest average price have 4 bedrooms, Their price is 49 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,230.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.43 / sq.feet, with an average $1.76 / sq.feet price in Herndon. The properties with the most expensive average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.69 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most expensive one. At an cost of $1,773 it is 5 % more expensive than the average price in Herndon. "Townhouse" is seen as the second most expensive property type. The most expensive property type is "" followed by "House". At a price of $2,333 it is 32 % 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 $1.34 / sq.feet followed by "Townhouse" priced at $1.38 / sq.feet. "Condo" is the most expensive type of property with a $1.85 / sq.feet value followed by "Townhouse" with an average price of $1.38 / sq.feet.
