The rent prices in real estate in Midlothian, 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 Midlothian has fallen during the last 6 months. In October, the average price per sq.feet was $1.61. In November this price barely changed remaining at $1.53 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.57 to $1.56 per sq.feet. The price per sq.feet has fallen 86 % 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 $1.57 to $1.34 during February, and March.
When referring to the price in Midlothian (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is $2,011. In November This price remains at $1,970. In the following two months the average price has hardly changed with regard to the previous two months from $1,990.5 to $1,969. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 89 %, going from $1,979.75 to $1,766.5 in February and March.
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 $1,681 they are 36 % more affordable than the average price for Midlothian . The properties with the highest average price have 4 bedrooms, Their price is 51 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,045.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.06 / sq.feet, with an average $1.27 / sq.feet price in Midlothian. The properties with the most expensive average prices have 3 bedrooms. They are 6 % more expensive than the average followed by properties with 1 bedroom with a price at $1.33 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,681 it is 33 % more affordable than the average price in Midlothian. "House" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Townhouse". At a price of $2,375 it is 59 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1 / sq.feet followed by "House" priced at $1.27 / sq.feet. "Condo" is the most expensive type of property with a $1.33 / sq.feet value followed by "House" with an average price of $1.27 / sq.feet.