The rent prices in real estate in Knoxville, in the Tennessee region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Knoxville has risen during the last 6 months. In February, the average price per sq.feet was $1. In March this price barely changed remaining at $1.03 per sq.feet. In the following two months the price per sq.feet has risen 106 %, going from $1.01 to $1.08 per sq.feet. The price per sq.feet has risen 107 % 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 $1.05 to $1.12 during June, and July.
When referring to the price in Knoxville (cities), there have hardly been any changes in the last 6 months. In our first sample month during February, the average price is $1,039. In March This price remains at $1,020. In the following two months the average price has hardly changed with regard to the previous two months from $1,029.5 to $988.5. Based on an analysis of the first four prices and the last two months the average price has increased 111 % 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 $1,142 they are 27 % more affordable than the average price for Knoxville . The properties with the highest average price have 4 bedrooms, Their price is 43 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,509.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.71 / sq.feet, with an average $1.09 / sq.feet price in Knoxville. The properties with the most expensive average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.03 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,142 it is 13 % more affordable than the average price in Knoxville. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Commercial". At a price of $14,509 it is 2310 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $0.95 / sq.feet followed by "House" priced at $0.96 / sq.feet. "Office" is the most expensive type of property with a $23 / sq.feet value followed by "Commercial" with an average price of $14 / sq.feet.