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.