The rent prices in real estate in Franklin, in the Tennessee region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Franklin has fallen during the last 6 months. In July, the average price per sq.feet was $22.4. In the following month the price per sq.feet fell to $19.87. In the following two months the price per sq.feet has practically remained the same, going from $21.14 to $22.05 per sq.feet. The price per sq.feet has had a considerable fall of 82 % 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 $21.59 to $17.76 during November, and December.
When referring to the price in Franklin (cities), this has risen in the last 6 months. In our first sample month during July, the average price is $1,838. In August This price remains at $1,833. During the following two months (September, October) the price has had an average rise from $1,835.5 to $2,081.5. 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 $1,958.5 and $2,016 between November and December.
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 $2,062 they are 30 % more affordable than the average price for Franklin . The properties with the highest average price have 4 bedrooms, Their price is 53 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,327.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.06 / sq.feet, with an average $23.62 / sq.feet price in Franklin. The properties with the most expensive average prices have 1 bedroom. They are 54 % more expensive than the average followed by properties with 2 bedrooms with a price at $14.63 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,062 it is 21 % more affordable than the average price in Franklin. "Condo" is seen as the second most affordable property type. The most expensive property type is "" followed by "Condo". At a price of $1,805 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.33 / sq.feet followed by "House" priced at $46.83 / sq.feet. "House" is the most expensive type of property with a $46.83 / sq.feet value followed by "Condo" with an average price of $1.33 / sq.feet.