The rent prices in real estate in Franklin, 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 Franklin has had a strong fall during the last 6 months. In April, the average price per sq.feet was $24.55. In the following month the price per sq.feet fell considerably to $17.24. The price for the following two months in (June, July) had a considerable fall of 77 with regard to the previous two months. The price per sq.feet has had a considerable fall of 10 % 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 $18.49 to $1.81 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 $2,094. In May This price remains at $2,065. In the following two months the average price has hardly changed with regard to the previous two months from $2,079.5 to $2,089.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $2,084.5 to $1,919.5 in August and September.
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 $1,835 they are 11 % more affordable than the average price for Franklin . The properties with the highest average price have 4 bedrooms, Their price is 78 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,150.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.05 / sq.feet, with an average $1.7 / sq.feet price in Franklin. The properties with the most expensive average prices have 1 bedroom. They are 22 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.61 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of $1,835 it is 23 % more affordable than the average price in Franklin. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,643 it is 18 % 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 $1.24 / sq.feet followed by "House" priced at $1.54 / sq.feet. "Office" is the most expensive type of property with a $1.79 / sq.feet value followed by "House" with an average price of $1.54 / sq.feet.