The rent prices in real estate in Gainesville, in the Georgia 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 Gainesville has risen strongly during the last 6 months. In December, the average price per sq.feet was $0.98. In the following month the price per sq.feet rose considerably to $3.12. The price for the following two months in (February, March) had a considerable rise of 178 %. The price per sq.feet has had a considerable rise of 145 % 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 $2.85 to $4.14 during April, and May.
When referring to the price in Gainesville (cities), this has fallen in the last 6 months. The average price for December is $1,484. During January the price had a slight fall till $1,339. During the following two months (February, March) the average price fell 93 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 91 %, going from $1,360.75 to $1,244 in April and May.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,190 they are 21 % more affordable than the average price for Gainesville . The properties with the highest average price have 3 bedrooms, Their price is 45 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,533.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.5 / sq.feet, with an average $4.3 / sq.feet price in Gainesville. The properties with the most expensive average prices have 4 bedrooms. They are 422 % more expensive than the average followed by properties with 2 bedrooms with a price at $11.37 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of $1,190 it is 8 % more affordable than the average price in Gainesville. "Condo" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of $1,108 it is 24 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.39 / sq.feet followed by "Townhouse" priced at $10.6 / sq.feet. "Condo" is the most expensive type of property with a $20 / sq.feet value followed by "Office" with an average price of $15 / sq.feet.