The rent prices in real estate in South Hill, 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 Hill has risen strongly during the last 6 months. In March, the average price per sq.feet was $0.8. In the following month the price per sq.feet rose to $0.85. In the following two months the price per sq.feet has risen 106 %, going from $0.82 to $0.88 per sq.feet. The price per sq.feet has had a considerable rise of 132 % 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 $0.85 to $1.12 during July, and August.
When referring to the price in South Hill (cities), this has risen in the last 6 months. In our first sample month during March, the average price is $1,014. In April This price remains at $1,039. In the following two months the average price has hardly changed with regard to the previous two months from $1,026.5 to $998.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 125 % during the last two months.
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 $1,374 they are 25 % more affordable than the average price for South Hill . The properties with the highest average price have 4 bedrooms, Their price is 91 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,246.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.23 / sq.feet price in South Hill. The properties with the most expensive average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.28 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,374 it is 20 % more affordable than the average price in South Hill. "" is seen as the second most affordable property type. The most expensive property type is "" followed by "Apartment". At a price of $1,104 it is 2 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "Apartment with an average cost of $1 / sq.feet. "Apartment" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.