The rent prices in real estate in Toano, 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 Toano has had a strong fall during the last 6 months. In April, the average price per sq.feet was $1.29. In May this price barely changed remaining at $1.29 per sq.feet. The price for the following two months in (June, July) had a considerable fall of 78 with regard to the previous two months. The price per sq.feet has fallen 87 % 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 $1.14 to $1 during August, and September.
When referring to the price in Toano (cities), this has risen considerably in the last 6 months. The average price during our first sample month during April, is $1,617. During May the price went through a considerable rise reaching $2,333. During the following two months (June, July) the average price had a considerable rise of 122 % with regard to the previous two months. 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 $2,190.5 and $2,240 between August and September.
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 $2,435 they are 26 % more affordable than the average price for Toano . The properties with the lowest average price have 1 bedroom, Their price is 25 % more affordable than the average. After that we have properties with 2 bedrooms priced at $1,805.
According to average price per property type in Toano, "" priced at $1,805 is 26 % lower than the average price ($2,435) in this city.