The rent prices in real estate in South Boston, in the Virginia region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in South Boston has fallen during the last 6 months. In June, the average price per sq.feet was $3.1. In July this price barely changed remaining at $3.22 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $3.16 to $3.08 per sq.feet. The price per sq.feet has had a considerable fall of 77 % 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 $3.12 to $2.39 during October, and November.
When referring to the price in South Boston (cities), there have hardly been any changes in the last 6 months. The rent price in June is $2,438, rising in July till $2,676. In the following two months the average price has hardly changed with regard to the previous two months from $2,557 to $2,499. During the last two months the average price has fallen greatly compared to the previous four going from $2,528 to $1,995, which means a 79 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $2,142 they are 58 % more affordable than the average price for South Boston . The properties with the highest average price have 1 bedroom, Their price is 23 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,613.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.5 / sq.feet, with an average $2.73 / sq.feet price in South Boston. The properties with the most expensive average prices have 1 bedroom. They are 47 % more expensive than the average followed by properties with 2 bedrooms with a price at $3.09 / sq.feet.
According to average price per property type in South Boston, "" priced at $2,012 is 6 % lower than the average price ($2,142) in this city.