The rent prices in real estate in Kennesaw, in the Georgia 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 Kennesaw has had a strong fall during the last 6 months. In May, the average price per sq.feet was $3.19. In June this price barely changed remaining at $3.34 per sq.feet. The price for the following two months in (July, August) fell 94 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 33 % 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 $3.17 to $1.04 during September, and October.
When referring to the price in Kennesaw (cities), there have hardly been any changes in the last 6 months. In our first sample month during May, the average price is $1,406. In June This price remains at $1,459. In the following two months the average price has hardly changed with regard to the previous two months from $1,432.5 to $1,451. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,441.75 and $1,421.5 between September and October.
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 $1,420 they are 23 % more affordable than the average price for Kennesaw . The properties with the highest average price have 4 bedrooms, Their price is 28 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,520.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.83 / sq.feet, with an average $1.03 / sq.feet price in Kennesaw. The properties with the most expensive average prices have 1 bedroom. They are 37 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.08 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,420 it is 11 % more affordable than the average price in Kennesaw. "Office" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,601 it is 15 % 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 $0.87 / sq.feet followed by "Condo" priced at $0.92 / sq.feet. "Office" is the most expensive type of property with a $18 / sq.feet value followed by "Apartment" with an average price of $1.19 / sq.feet.