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 June, the average price per sq.feet was $1.41. In the following month the price per sq.feet fell to $1.3. The price for the following two months in (August, September) fell 89 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 85 % 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 $1.28 to $1.09 during October, and November.
When referring to the price in Johnson City (cities), this has fallen considerably in the last 6 months. In our first sample month during June, the average price is $1,811. In July This price remains at $1,836. During the following two months (August, September) the average price fell 89 % 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 $1,725.75 to $1,238, which means a 72 % fall.
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 $1,200 they are 29 % more affordable than the average price for Johnson City . The properties with the highest average price have 4 bedrooms, Their price is 164 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,774.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $1.07 / sq.feet, with an average $1.06 / sq.feet price in Johnson City. The properties with the most expensive average prices have 1 bedroom. They are 23 % more expensive than the average followed by properties with 4 bedrooms with a price at $1.2 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,200 it is 40 % more affordable than the average price in Johnson City. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $1,166 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $1.09 / sq.feet followed by "Apartment" priced at $1.17 / sq.feet. "Condo" is the most expensive type of property with a $1.21 / sq.feet value followed by "Apartment" with an average price of $1.17 / sq.feet.