The rent prices in real estate in Virginia Beach, 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 Virginia Beach has risen during the last 6 months. In January, the average price per sq.feet was $1.45. In February this price barely changed remaining at $1.48 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.47 to $1.52 per sq.feet. The price per sq.feet has risen 112 % 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 $1.5 to $1.67 during May, and June.
When referring to the price in Virginia Beach (cities), this has risen in the last 6 months. In our first sample month during January, the average price is $1,376. In February This price remains at $1,398. In the following two months the average price has hardly changed with regard to the previous two months from $1,387 to $1,425. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 120 % 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 $1,795 they are 21 % more affordable than the average price for Virginia Beach . The properties with the highest average price have 4 bedrooms, Their price is 60 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,912.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.25 / sq.feet, with an average $1.66 / sq.feet price in Virginia Beach. The properties with the most expensive average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.7 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,795 it is 33 % more affordable than the average price in Virginia Beach. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $1,721 it is 20 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1.2 / sq.feet followed by "House" priced at $1.46 / sq.feet. "Apartment" is the most expensive type of property with a $1.73 / sq.feet value followed by "Condo" with an average price of $1.5 / sq.feet.