The rent prices in real estate in Lenoir 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 Lenoir City has had a strong fall during the last 6 months. In April, the average price per sq.feet was $7.78. In the following month the price per sq.feet fell to $6.87. The price for the following two months in (June, July) had a considerable rise of 121 %. The price per sq.feet has had a considerable fall of 12 % 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 $8.08 to $0.93 during August, and September.
When referring to the price in Lenoir City (cities), this has risen considerably in the last 6 months. The rent price in April is $1,084, rising in May till $1,143. During the following two months (June, July) the average price had a considerable rise of 121 % 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 $1,347 they are 29 % more affordable than the average price for Lenoir City . The properties with the highest average price have 3 bedrooms, Their price is 2 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,144.
According to average price per property type in Lenoir City, "" priced at $1,144 is 15 % lower than the average price ($1,347) in this city.