The rent prices in real estate in New Kent, 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 New Kent has had a strong fall during the last 6 months. In February, the average price per sq.feet was $51. In March this price barely changed remaining at $50 per sq.feet. The price for the following two months in (April, May) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has had a considerable rise of 198 % 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 $25.25 to $50 during June, and July.
When referring to the price in New Kent (cities), there have hardly been any changes in the last 6 months. In our first sample month during February, the average price is $1,883. In March This price remains at $1,881. During the following two months (April, May) the price has had an average rise from $1,882 to $2,019. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,950.5 and $1,881 between June and July.
The graph showing the average price for bedrooms displays the property with the most expensive price has 4 bedrooms. It is 8 % more expensive than the average price of $2,034 in New Kent. Based on the bedrooms values, properties with the most expensive rent prices are those with 4 bedrooms. They are 8 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 4 bedrooms are 2 % more affordable than the average price of ($49 / sq.feet) in New Kent. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 4 bedrooms. They are 2 % more affordable than the average value aforementioned.
With regard to the average price based upon the property in New Kent we can see that the most affordable property type is "House" at a price of $1,851, they are 2 % cheaper than the average price of (!PRECIO2!). "House" has the most affordable price. This price is 2 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most affordable property type is "House with an average cost of $35 / sq.feet. "House" with an average price of $35 / sq.feet has the most affordable price and would be directed at less affluent cities.