The rent prices in real estate in Knoxville, in the Iowa 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 Knoxville has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1. In November this price barely changed remaining at $0.97 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $0.99 to $0.95 per sq.feet. The price per sq.feet has had a considerable fall of 49 % 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 $0.97 to $0.47 during February, and March.
When referring to the price in Knoxville (cities), this has risen in the last 6 months. The rent price in October is $734, rising in November till $786. In the following two months the average price has hardly changed with regard to the previous two months from $760 to $780.5. 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 $770.25 and $791.5 between February and March.
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 $855 they are 36 % more affordable than the average price for Knoxville . Based on the bedrooms values, properties with the most expensive rent prices are those with 3 bedrooms. They are 13 % more expensive than the average aforementioned.