The rent prices in real estate in Palmyra, 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 Palmyra has had a strong fall during the last 6 months. In August, the average price per sq.feet was $1.18. In September this price barely changed remaining at $1.14 per sq.feet. The price for the following two months in (October, November) had a considerable fall of 83 with regard to the previous two months. The price per sq.feet has had a considerable fall of 81 % 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 $1.06 to $0.86 during December, and January.
When referring to the price in Palmyra (cities), there have hardly been any changes in the last 6 months. In our first sample month during August, the average price is $1,709. In September This price remains at $1,758. During the following two months (October, November) the average price fell 95 % with regard to the previous two months. 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 $1,690 and $1,774 between December and January.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 25 % more affordable than the average price of $1,496 in Palmyra. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 25 % more affordable than the average aforementioned.
According to average price per property type in Palmyra, "" priced at $1,496 is 25 % lower than the average price ($1,995) in this city.