The rent prices in real estate in Newport News, in the Virginia region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Newport News has risen during the last 6 months. In March, the average price per sq.feet was $1.15. In April this price barely changed remaining at $1.14 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.14 to $1.17 per sq.feet. The price per sq.feet has risen 115 % 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 $1.16 to $1.33 during July, and August.
When referring to the price in Newport News (cities), this has risen in the last 6 months. In our first sample month during March, the average price is $1,105. In April This price remains at $1,093. During the following two months (May, June) the price has had an average rise from $1,099 to $1,199. 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 $1,149 and $1,188 between July and August.
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 $1,136 they are 15 % more affordable than the average price for Newport News . The properties with the highest average price have 4 bedrooms, Their price is 46 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,402.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.79 / sq.feet, with an average $1.32 / sq.feet price in Newport News. The properties with the most expensive average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.08 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,136 it is 27 % more affordable than the average price in Newport News. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,180 it is 13 % 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 $0.85 / sq.feet followed by "Condo" priced at $0.88 / sq.feet. "House" is the most affordable type of property with a $1.3 / sq.feet value followed by "Condo" with an average price of $0.88 / sq.feet.