The average rent price in the Virginia region has had a strong fall in recent months. There has been a strong fall in the rent prices in this region.
The price per sq.feet in Virginia has fallen considerably in the last 6 months. During July, the average price per sq.feet was $7.71. The following month (August) the price had a considerable fall reaching $1.65 per sq.feet. The following two months (September, October) went through a considerable fall of 38 % in the rent price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant fall of 52 %. This has been obtained by comparing the price of $3.22 for the first four months of the sample with regard to the previous 4 months and the price of $1.68 per sq.feet for the last two months (November, December).
When referring to the price in Virginia (region), this has fallen in the last 6 months. July has an average price of $1,894. During Augustthe price had a slight fall till $1,740. In the following two months the average price practically remained the same compared to the previous two going from $1,817 to $1,737.5. During the last two months the price has gone down 93 % compared to the previous average values going from $1,777.25 a $1,657.5 in November y December.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 9 % cheaper than the average price in Virginia followed by those with 3 with an average price of $1,604. The most expensive properties have 4 bedrooms. They are 18 % more expensive than the average followed by those properties with 2 bedrooms priced at $1,643.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $0.98 / sq.feet being $1.79 / sq.feet the average for Virginia. The properties with the highest average price are those with 1 bedroom. These are 680 % more expensive than the average followed by those with 2 bedrooms with a price of $9.85 / sq.feet.
The graph displaying the average rent price according to the property type shows "Office" as the most affordable one. With an average cost of $1,688 it is 61 % cheaper than the average in Virginia. This is followed by "Commercial" with a cost of $1,276. The most expensive property type is "Townhouse" and is 22 % more costly than the average, followed by "Condo" with a cost of $1,835.
Based upon the average cost per sq.feet the most affordable property type is "Commercial with a an average price of $0.77 / sq.feet, followed by "Office" with a price of $1.17 / sq.feet. "Townhouse" with an average price of $108.26 / sq.feet is the most expensive type of property followed by "House" at a price of $1.91 / sq.feet.