The rent prices in real estate in Virginia Beach, in the Virginia region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Virginia Beach has fallen during the last 6 months. In November, the average price per sq.feet was $1.69. In the following month the price per sq.feet fell to $1.49. In the following two months the price per sq.feet has practically remained the same, going from $1.59 to $1.66 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $1.62 to $1.57 during March y April
When referring to the price in Virginia Beach (cities), this has fallen considerably in the last 6 months. The average price for November is $2,417. During December the price had a considerable fall till $1,913. During the following two months (January, February) the average price fell 92 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $2,076 to $1,943.5 in March and April.
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 $2,007 they are 27 % more affordable than the average price for Virginia Beach . The properties with the highest average price have 4 bedrooms, Their price is 35 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,172.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.38 / sq.feet, with an average $1.48 / sq.feet price in Virginia Beach. The properties with the most expensive average prices have 1 bedroom. They are 33 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.68 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $2,007 it is 19 % more affordable than the average price in Virginia Beach. "Apartment" is seen as the second most affordable property type. The most expensive property type is "" followed by "Land". At a price of $2,407 it is 25 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $1 / sq.feet followed by "House" priced at $1.42 / sq.feet. "Condo" is the most expensive type of property with a $1.64 / sq.feet value followed by "Apartment" with an average price of $1.63 / sq.feet.