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 January, the average price per sq.feet was $0.99. In February this price barely changed remaining at $1.01 per sq.feet. In the following two months the price per sq.feet has risen 109 %, going from $1 to $1.09 per sq.feet. The price per sq.feet has risen 111 % 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 $1.04 to $1.16 during May, and June.
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 January, the average price is $1,115. In February This price remains at $1,106. In the following two months the average price has hardly changed with regard to the previous two months from $1,110.5 to $1,151. 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 $1,130.75 and $1,178 between May and June.
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 $1,203 they are 9 % more affordable than the average price for Portsmouth . The properties with the highest average price have 4 bedrooms, Their price is 40 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,321.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.89 / sq.feet, with an average $1.16 / sq.feet price in Portsmouth. The properties with the most expensive average prices have 1 bedroom. They are 33 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.06 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,203 it is 21 % more affordable than the average price in Portsmouth. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,261 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $0.82 / sq.feet followed by "House" priced at $0.96 / sq.feet. "Apartment" is the most expensive type of property with a $1.3 / sq.feet value followed by "House" with an average price of $0.96 / sq.feet.