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 December, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to $1. In the following two months the price per sq.feet has practically remained the same, going from $0.5 to $0.5 per sq.feet. The price per sq.feet has had a considerable rise of 1133 % 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 $0.5 to $5.66 during April, and May.
When referring to the price in Gatlinburg (cities), this has fallen considerably in the last 6 months. The average price for December is $2,731. During January the price had a considerable fall till $1,393. During the following two months (February, March) the average price had a considerable fall of 52 % 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 88 %, going from $1,566.75 to $1,376.5 in April and May.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 0 % more affordable than the average price of $1,101 in Gatlinburg. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 10 % more affordable than the average price of ($9 / sq.feet) in Gatlinburg. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 10 % more affordable 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 $1,103 it is 2 % 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 "Land". At a price of $1,115 it is 76 % 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 $9 / sq.feet followed by "Condo" priced at $14 / sq.feet. "Land" is the most expensive type of property with a $24 / sq.feet value followed by "Condo" with an average price of $14 / sq.feet.