The rent prices in real estate in Suffolk, 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 Suffolk has risen during the last 6 months. In August, the average price per sq.feet was $0.94. In the following month the price per sq.feet rose to $1.05. In the following two months the price per sq.feet has risen 106 %, going from $1 to $1.05 per sq.feet. The price per sq.feet has risen 108 % 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 $1.02 to $1.11 during December, and January.
When referring to the price in Suffolk (cities), there have hardly been any changes in the last 6 months. In our first sample month during August, the average price is $1,439. In September This price remains at $1,422. In the following two months the average price has hardly changed with regard to the previous two months from $1,430.5 to $1,434. 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 $1,432.25 and $1,440.5 between December and January.
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 $1,458 they are 17 % more affordable than the average price for Suffolk . The properties with the highest average price have 4 bedrooms, Their price is 21 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,508.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.86 / sq.feet, with an average $1.14 / sq.feet price in Suffolk. The properties with the most expensive average prices have 1 bedroom. They are 45 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.32 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,458 it is 6 % more affordable than the average price in Suffolk. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,468 it is 14 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $0.84 / sq.feet followed by "Apartment" priced at $1.38 / sq.feet. "Apartment" is the most expensive type of property with a $1.38 / sq.feet value followed by "House" with an average price of $0.84 / sq.feet.