The rent prices in real estate in Gatlinburg, in the Tennessee 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 Gatlinburg has risen strongly during the last 6 months. In April, the average price per sq.feet was $1.11. In the following month the price per sq.feet rose considerably to $12. The price for the following two months in (June, July) had a considerable fall of 11 with regard to the previous two months. The price per sq.feet has had a considerable fall of 14 % 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 $3.63 to $0.5 during August, and September.
When referring to the price in Gatlinburg (cities), this has risen in the last 6 months. The average price for April is $1,358. During May the price had a considerable fall till $1,107. During the following two months (June, July) the average price had a considerable rise of 168 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,648.5 to $1,073.5, which means a 65 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 11 % more expensive than the average price of $1,239 in Gatlinburg. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 11 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 2375 % more expensive than the average price of ($25 / sq.feet) in Gatlinburg. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 2375 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,117 it is 1 % more affordable than the average price in Gatlinburg. "Condo" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $1,239 it is 75 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Townhouse" at an average price of $17 / sq.feet followed by "Condo" priced at $22 / sq.feet. "Land" is the most expensive type of property with a $32 / sq.feet value followed by "House" with an average price of $25 / sq.feet.