Property prices for rent in South Boston (Virginia)
The rent prices in real estate in South Boston, in the Virginia region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in South Boston has risen strongly during the last 6 months. In November, the average price per sq.feet was $3.4. In December this price barely changed remaining at $3.56 per sq.feet. In the following two months the price per sq.feet has risen 106 %, going from $3.48 to $3.69 per sq.feet. The price per sq.feet has had a considerable rise of 149 % 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 $3.59 to $5.36 during March, and April.
When referring to the price in South Boston (cities), this has fallen considerably in the last 6 months. The average price for November is $3,823. During December the price had a slight fall till $3,392. During the following two months (January, February) the average price had a considerable fall of 83 % with regard to the previous two months. 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 $3,292.5 to $3,105 in March and April.
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 $3,739 they are 34 % more affordable than the average price for South Boston . 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 2 bedrooms priced at $4,682.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $3 / sq.feet, with an average $4.12 / sq.feet price in South Boston. The properties with the most expensive average prices have 2 bedrooms. They are 6 % more expensive than the average followed by properties with 1 bedroom with a price at $3.92 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $3,739 it is 35 % more affordable than the average price in South Boston. "House" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "Condo". At a price of $4,699 it is 47 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "House with an average cost of $3 / sq.feet. "House" with an average price of $3 / sq.feet has the most affordable price and would be directed at less affluent cities.
