The rent prices in real estate in Mineral, 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 Mineral has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.73. In the following month the price per sq.feet fell to $1.55. The price for the following two months in (December, January) had a considerable fall of 68 with regard to the previous two months. 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 Mineral (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $2,217. In November This price remains at $2,140. In the following two months the average price has hardly changed with regard to the previous two months from $2,178.5 to $2,120.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 120 % 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 $2,075 they are 26 % more affordable than the average price for Mineral . The properties with the lowest average price have 2 bedrooms, Their price is 19 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,534.
According to average price per property type in Mineral, "" priced at $1,686 is 19 % lower than the average price ($2,075) in this city.