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.