The rent prices in real estate in Franklin, in the Tennessee region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Franklin has risen strongly during the last 6 months. In April, the average price per sq.feet was $4.02. In the following month the price per sq.feet fell considerably to $1.38. The price for the following two months in (June, July) had a considerable rise of 441 %. The price per sq.feet has had a considerable rise of 346 % 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 $7.3 to $25.24 during August, and September.
When referring to the price in Franklin (cities), there have hardly been any changes in the last 6 months. In our first sample month during April, the average price is $1,807. In May This price remains at $1,738. In the following two months the average price has hardly changed with regard to the previous two months from $1,772.5 to $1,739.5. Based on an analysis of the first four prices and the last two months the average price has increased 111 % 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 $2,048 they are 31 % more affordable than the average price for Franklin . The properties with the highest average price have 4 bedrooms, Their price is 40 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,120.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.07 / sq.feet, with an average $30.6 / sq.feet price in Franklin. The properties with the most affordable average prices have 1 bedroom. They are 23 % more affordable than the average followed by properties with 2 bedrooms with a price at $3.44 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,048 it is 21 % more affordable than the average price in Franklin. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "". At a price of $2,149 it is 12 % 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 $1.29 / sq.feet followed by "House" priced at $23.09 / sq.feet. "Townhouse" is the most expensive type of property with a $62.74 / sq.feet value followed by "House" with an average price of $23.09 / sq.feet.