The rent prices in real estate in Chattanooga, in the Tennessee 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 Chattanooga has risen during the last 6 months. In January, the average price per sq.feet was $1.14. In February this price barely changed remaining at $1.18 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.16 to $1.18 per sq.feet. The price per sq.feet has had a considerable rise of 124 % 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 $1.17 to $1.45 during May, and June.
When referring to the price in Chattanooga (cities), there have hardly been any changes in the last 6 months. In our first sample month during January, the average price is $991. In February This price remains at $986. In the following two months the average price has hardly changed with regard to the previous two months from $988.5 to $1,023.5. Based on an analysis of the first four prices and the last two months the average price has increased 106 % 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 $1,088 they are 8 % more affordable than the average price for Chattanooga . The properties with the highest average price have 4 bedrooms, Their price is 41 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,330.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.96 / sq.feet, with an average $1.47 / sq.feet price in Chattanooga. The properties with the most expensive average prices have 1 bedroom. They are 8 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.08 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,088 it is 19 % more affordable than the average price in Chattanooga. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $1,490 it is 38 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.05 / sq.feet followed by "Apartment" priced at $1.51 / sq.feet. "Townhouse" is the most expensive type of property with a $20 / sq.feet value followed by "Condo" with an average price of $1.76 / sq.feet.