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 April, the average price per sq.feet was $2.86. In the following month the price per sq.feet rose considerably to $3.73. The price for the following two months in (June, July) had a considerable rise of 115 %. The price per sq.feet has fallen 89 % 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 $3.55 to $3.16 during August, and September.
When referring to the price in South Boston (cities), this has risen considerably in the last 6 months. The average price during our first sample month during April, is $2,149. During May the price went through a considerable rise reaching $2,863. During the following two months (June, July) the price has had an average rise from $2,506 to $2,683.5. 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 $2,594.75 and $2,590.5 between August and September.
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 $2,801 they are 28 % more affordable than the average price for South Boston . The properties with the highest average price have 4 bedrooms, Their price is 53 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,348.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.72 / sq.feet, with an average $3.07 / sq.feet price in South Boston. The properties with the most expensive average prices have 1 bedroom. They are 9 % more expensive than the average followed by properties with 4 bedrooms with a price at $3.07 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,801 it is 9 % more affordable than the average price in South Boston. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $3,061 it is 27 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $2.95 / sq.feet followed by "Condo" priced at $3.24 / sq.feet. "House" is the most expensive type of property with a $5.02 / sq.feet value followed by "Condo" with an average price of $3.24 / sq.feet.