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 $1.11. In February this price barely changed remaining at $1.14 per sq.feet. In the following two months the price per sq.feet has risen 111 %, going from $1.12 to $1.25 per sq.feet. The price per sq.feet has risen 105 % 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 $1.18 to $1.25 during May, and June.
When referring to the price in Virginia Beach (cities), there have hardly been any changes in the last 6 months. In our first sample month during January, the average price is $1,403. In February This price remains at $1,413. In the following two months the average price has hardly changed with regard to the previous two months from $1,408 to $1,383.5. 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 $1,395.75 and $1,449 between May and June.
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 $1,388 they are 18 % more affordable than the average price for Virginia Beach . The properties with the highest average price have 4 bedrooms, Their price is 46 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,600.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.98 / sq.feet, with an average $1.24 / sq.feet price in Virginia Beach. The properties with the most expensive average prices have 1 bedroom. They are 23 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.21 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,388 it is 8 % more affordable than the average price in Virginia Beach. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $1,558 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 $1.04 / sq.feet followed by "Condo" priced at $1.05 / sq.feet. "House" is the most expensive type of property with a $1.33 / sq.feet value followed by "Condo" with an average price of $1.05 / sq.feet.