The rent prices in real estate in Hixson, 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 Hixson has had a strong fall during the last 6 months. In May, the average price per sq.feet was $8.29. In the following month the price per sq.feet fell considerably to $7.03. The price for the following two months in (July, August) had a considerable fall of 52 with regard to the previous two months. The price per sq.feet has had a considerable fall of 15 % 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 $5.84 to $0.9 during September, and October.
When referring to the price in Hixson (cities), this has risen in the last 6 months. In our first sample month during May, the average price is $1,101. In June This price remains at $1,084. During the following two months (July, August) the price has had an average rise from $1,092.5 to $1,150. Based on an analysis of the first four prices and the last two months the average price has increased 110 % 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 $1,321 they are 44 % more affordable than the average price for Hixson . The properties with the highest average price have 4 bedrooms, Their price is 32 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,478.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.85 / sq.feet, with an average $0.9 / sq.feet price in Hixson. The properties with the most expensive average prices have 2 bedrooms. They are 7 % more expensive than the average followed by properties with 1 bedroom with a price at $0.95 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,321 it is 23 % more affordable than the average price in Hixson. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $1,191 it is 14 % 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 $0.9 / sq.feet followed by "Apartment" priced at $0.94 / sq.feet. "Apartment" is the most expensive type of property with a $0.94 / sq.feet value followed by "House" with an average price of $0.9 / sq.feet.