The rent prices in real estate in Johnson City, 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 Johnson City has had a strong fall during the last 6 months. In May, the average price per sq.feet was $5.07. In the following month the price per sq.feet rose considerably to $7.75. The price for the following two months in (July, August) had a considerable fall of 63 with regard to the previous two months. The price per sq.feet has had a considerable fall of 17 % 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 $5.23 to $0.9 during September, and October.
When referring to the price in Johnson City (cities), this has risen considerably in the last 6 months. The rent price in May is $857, rising in June till $931. During the following two months (July, August) the average price had a considerable rise of 116 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 109 % 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 $1,040 they are 41 % more affordable than the average price for Johnson City . 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 $1,181.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.63 / sq.feet, with an average $0.91 / sq.feet price in Johnson City. The properties with the most expensive average prices have 2 bedrooms. They are 26 % more expensive than the average followed by properties with 1 bedroom with a price at $1.14 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,040 it is 34 % more affordable than the average price in Johnson City. "" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "House". At a price of $1,197 it is 18 % 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 $0.75 / sq.feet followed by "Condo" priced at $0.76 / sq.feet. "Office" is the most expensive type of property with a $11 / sq.feet value followed by "Apartment" with an average price of $1.05 / sq.feet.