The rent prices in real estate in Gallatin, 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 Gallatin has had a strong fall during the last 6 months. In July, the average price per sq.feet was $8.67. In the following month the price per sq.feet fell considerably to $1.16. The price for the following two months in (September, October) had a considerable fall of 24 with regard to the previous two months. The price per sq.feet has had a considerable fall of 38 % 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 $3.04 to $1.17 during November, and December.
When referring to the price in Gallatin (cities), this has fallen in the last 6 months. In our first sample month during July, the average price is $1,381. In August This price remains at $1,333. In the following two months the average price has hardly changed with regard to the previous two months from $1,357 to $1,312.5. 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 $1,334.75 and $1,287.5 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 $1,307 they are 24 % more affordable than the average price for Gallatin . The properties with the highest average price have 3 bedrooms, Their price is 25 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,414.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.09 / sq.feet, with an average $1.14 / sq.feet price in Gallatin. The properties with the most expensive average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.13 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,307 it is 6 % more affordable than the average price in Gallatin. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $1,341 it is 19 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $1 / sq.feet followed by "Condo" priced at $3 / sq.feet. "Condo" is the most expensive type of property with a $3 / sq.feet value followed by "Apartment" with an average price of $1 / sq.feet.