Property prices for rent in Cookeville (Tennessee)
The rent prices in real estate in Cookeville, in the Tennessee region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Cookeville has had a strong fall during the last 6 months. In March, the average price per sq.feet was $2. In the following month the price per sq.feet fell to $1.74. The price for the following two months in (May, June) had a considerable fall of 67 with regard to the previous two months. The price per sq.feet has had a considerable fall of 76 % 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 $1.56 to $1.18 during July, and August.
When referring to the price in Cookeville (cities), this has fallen considerably in the last 6 months. In our first sample month during March, the average price is $2,811. In April This price remains at $2,902. During the following two months (May, June) the average price had a considerable fall of 55 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $2,213.25 to $1,574.5, which means a 71 % fall.
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 $1,480 they are 37 % more affordable than the average price for Cookeville . The properties with the highest average price have 4 bedrooms, Their price is 16 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,581.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.18 / sq.feet price in Cookeville. The properties with the most expensive average prices have 1 bedroom. They are 69 % more expensive than the average followed by properties with 2 bedrooms with a price at $1 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,480 it is 38 % more affordable than the average price in Cookeville. "Land" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Land". At a price of $1,041 it is 208 % 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 $3 / sq.feet. "House" is the most expensive type of property with a $3 / sq.feet value followed by "Land" with an average price of $1 / sq.feet.
