Property prices for rent in Madison Heights (Virginia)
The rent prices in real estate in Madison Heights, in the Virginia region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Madison Heights has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.4. In November this price barely changed remaining at $1.37 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.38 to $1.38 per sq.feet. The price per sq.feet has had a considerable fall of 36 % 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 $1.38 to $0.5 during February, and March.
When referring to the price in Madison Heights (cities), there have hardly been any changes in the last 6 months. The rent price in October is $1,163, rising in November till $1,226. During the following two months (December, January) the price has had an average rise from $1,194.5 to $1,256. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 91 %, going from $1,225.25 to $1,111.5 in February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,350 they are 33 % more affordable than the average price for Madison Heights . The properties with the highest average price have 3 bedrooms, Their price is 35 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,031.
According to average price per property type in Madison Heights, "" priced at $898 is 33 % lower than the average price ($1,350) in this city.
