The rent prices in real estate in Lynchburg, 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 Lynchburg has risen during the last 6 months. In May, the average price per sq.feet was $0.78. In June this price barely changed remaining at $0.79 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $0.79 to $0.82 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 $0.8 to $0.86 during September, and October.
When referring to the price in Lynchburg (cities), there have hardly been any changes in the last 6 months. In our first sample month during May, the average price is $946. In June This price remains at $974. In the following two months the average price has hardly changed with regard to the previous two months from $960 to $1,003.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 95 %, going from $981.75 to $929 in September and October.
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 $942 they are 23 % more affordable than the average price for Lynchburg . The properties with the highest average price have 4 bedrooms, Their price is 38 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,227.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.61 / sq.feet, with an average $0.85 / sq.feet price in Lynchburg. The properties with the most expensive average prices have 1 bedroom. They are 20 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.87 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $942 it is 15 % more affordable than the average price in Lynchburg. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $869 it is 24 % 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 $0.82 / sq.feet followed by "House" priced at $0.86 / sq.feet. "Apartment" is the most expensive type of property with a $0.89 / sq.feet value followed by "House" with an average price of $0.86 / sq.feet.