The rent prices in real estate in Staunton, in the Virginia region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Staunton has had a strong fall during the last 6 months. In October, the average price per sq.feet was $6.4. In the following month the price per sq.feet fell considerably to $4.86. The price for the following two months in (December, January) had a considerable fall of 25 with regard to the previous two months. The price per sq.feet has had a considerable fall of 45 % 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 $3.53 to $1.6 during February, and March.
When referring to the price in Staunton (cities), this has fallen considerably in the last 6 months. The average price for October is $13,605. During November the price had a considerable fall till $10,164. During the following two months (December, January) the average price had a considerable fall of 12 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $6,658 to $1,576, which means a 24 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,634 they are 53 % more affordable than the average price for Staunton . The properties with the highest average price have 3 bedrooms, Their price is 208 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,532.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.51 / sq.feet, with an average $1.56 / sq.feet price in Staunton. The properties with the most expensive average prices have 1 bedroom. They are 71 % more expensive than the average followed by properties with 3 bedrooms with a price at $2.59 / sq.feet.
According to average price per property type in Staunton, "" priced at $763 is 53 % lower than the average price ($1,634) in this city.