Property prices for rent in Gainesville (Georgia)
The rent prices in real estate in Gainesville, in the Georgia 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 Gainesville has had a strong fall during the last 6 months. In August, the average price per sq.feet was $4.37. In the following month the price per sq.feet fell considerably to $1.34. The price for the following two months in (October, November) had a considerable fall of 37 with regard to the previous two months. The price per sq.feet has had a considerable rise of 336 % 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 $1.95 to $6.56 during December, and January.
When referring to the price in Gainesville (cities), there have hardly been any changes in the last 6 months. In our first sample month during August, the average price is $1,398. In September This price remains at $1,375. In the following two months the average price has hardly changed with regard to the previous two months from $1,386.5 to $1,343. Based on an analysis of the first four prices and the last two months the average price has increased 108 % 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 $1,480 they are 32 % more affordable than the average price for Gainesville . The properties with the highest average price have 4 bedrooms, Their price is 65 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,575.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.11 / sq.feet, with an average $5.41 / sq.feet price in Gainesville. The properties with the most expensive average prices have 4 bedrooms. They are 397 % more expensive than the average followed by properties with 2 bedrooms with a price at $15.61 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,480 it is 26 % more affordable than the average price in Gainesville. "House" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Condo". At a price of $1,489 it is 36 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $8.55 / sq.feet followed by "Townhouse" priced at $12 / sq.feet. "Condo" is the most expensive type of property with a $66.67 / sq.feet value followed by "Land" with an average price of $13.17 / sq.feet.
