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 May, the average price per sq.feet was $1.25. In June this price barely changed remaining at $1.24 per sq.feet. In the following two months the price per sq.feet has risen 110 %, going from $1.25 to $1.37 per sq.feet. The price per sq.feet has risen 107 % 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 $1.31 to $1.4 during September, and October.
When referring to the price in Virginia Beach (cities), this has fallen in the last 6 months. The average price for May is $1,510. During June the price had a slight fall till $1,388. In the following two months the average price has hardly changed with regard to the previous two months from $1,449 to $1,393. 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 $1,421 and $1,476.5 between September and October.
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 $1,456 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 56 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,859.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.08 / sq.feet, with an average $1.42 / sq.feet price in Virginia Beach. The properties with the most expensive average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.33 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,456 it is 10 % more affordable than the average price in Virginia Beach. "Condo" is seen as the second most affordable property type. The most expensive property type is "" followed by "Townhouse". At a price of $1,701 it is 24 % 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 $1.3 / sq.feet followed by "House" priced at $1.49 / sq.feet. "House" is the most expensive type of property with a $1.49 / sq.feet value followed by "Townhouse" with an average price of $1.3 / sq.feet.