The rent prices in real estate in South Boston, 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 South Boston has risen during the last 6 months. In November, the average price per sq.feet was $2.73. In the following month the price per sq.feet fell considerably to $2.26. The price for the following two months in (January, February) had a considerable rise of 131 %. The price per sq.feet has had a considerable rise of 117 % 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 $2.89 to $3.38 during March, and April.
When referring to the price in South Boston (cities), this has risen in the last 6 months. The average price for November is $2,142. During December the price had a considerable fall till $1,810. During the following two months (January, February) the average price had a considerable rise of 129 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 115 % during the last two months.
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 $2,149 they are 49 % more affordable than the average price for South Boston . The properties with the highest average price have 3 bedrooms, Their price is 40 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,117.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.27 / sq.feet, with an average $2.86 / sq.feet price in South Boston. The properties with the most expensive average prices have 1 bedroom. They are 12 % more expensive than the average followed by properties with 3 bedrooms with a price at $2.92 / sq.feet.
According to average price per property type in South Boston, "" priced at $1,998 is 7 % lower than the average price ($2,149) in this city.