The rent prices in real estate in Midlothian, 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 Midlothian has had a strong fall during the last 6 months. In December, the average price per sq.feet was $78.62. In the following month the price per sq.feet fell considerably to $19.93. The price for the following two months in (February, March) had a considerable fall of 46 with regard to the previous two months. The price per sq.feet has had a considerable fall of 14 % 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 $35.92 to $5.11 during April, and May.
When referring to the price in Midlothian (cities), there have hardly been any changes in the last 6 months. In our first sample month during December, the average price is $1,657. In January This price remains at $1,598. In the following two months the average price has hardly changed with regard to the previous two months from $1,627.5 to $1,588. 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 $1,715 they are 18 % more affordable than the average price for Midlothian . The properties with the highest average price have 4 bedrooms, Their price is 87 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,991.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.17 / sq.feet, with an average $1.46 / sq.feet price in Midlothian. The properties with the most expensive average prices have 1 bedroom. They are 23 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.47 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,715 it is 34 % more affordable than the average price in Midlothian. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,726 it is 38 % 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 $1.06 / sq.feet followed by "Apartment" priced at $1.59 / sq.feet. "Condo" is the most expensive type of property with a $115 / sq.feet value followed by "Apartment" with an average price of $1.59 / sq.feet.