The rent prices in real estate in Portsmouth, 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 Portsmouth has risen during the last 6 months. In May, the average price per sq.feet was $1.16. In June this price barely changed remaining at $1.16 per sq.feet. The price for the following two months in (July, August) had a considerable rise of 117 %. The price per sq.feet has fallen 94 % 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 $1.26 to $1.18 during September, and October.
When referring to the price in Portsmouth (cities), there have hardly been any changes in the last 6 months. In our first sample month during May, the average price is $1,153. In June This price remains at $1,203. In the following two months the average price has hardly changed with regard to the previous two months from $1,178 to $1,206. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $1,192 to $1,117 in September and October.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,132 they are 1 % more affordable than the average price for Portsmouth . The properties with the highest average price have 4 bedrooms, Their price is 28 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,301.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.83 / sq.feet, with an average $1.19 / sq.feet price in Portsmouth. The properties with the most expensive average prices have 1 bedroom. They are 35 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.13 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,132 it is 17 % more affordable than the average price in Portsmouth. "Condo" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "House". At a price of $1,174 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $0.97 / sq.feet followed by "Condo" priced at $1.14 / sq.feet. "Apartment" is the most expensive type of property with a $1.39 / sq.feet value followed by "Condo" with an average price of $1.14 / sq.feet.