Property prices for rent in Morristown (Tennessee)
The rent prices in real estate in Morristown, in the Tennessee region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Morristown has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.21. In the following month the price per sq.feet rose to $1.35. The price for the following two months in (December, January) had a considerable rise of 164 %. The price per sq.feet has had a considerable rise of 152 % 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 $1.69 to $2.57 during February, and March.
When referring to the price in Morristown (cities), this has risen considerably in the last 6 months. The average price for October is $1,741. During November the price had a slight fall till $1,488. During the following two months (December, January) the average price had a considerable rise of 271 % 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 had a strong increase of 186 % 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 $2,309 they are 65 % more affordable than the average price for Morristown . The properties with the highest average price have 3 bedrooms, Their price is 494 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,027.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1 / sq.feet, with an average $1.4 / sq.feet price in Morristown. The properties with the most expensive average prices have 3 bedrooms. They are 471 % more expensive than the average followed by properties with 1 bedroom with a price at $1 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,309 it is 68 % more affordable than the average price in Morristown. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $1,083 it is 583 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $1 / sq.feet followed by "House" priced at $6 / sq.feet. "House" is the most expensive type of property with a $6 / sq.feet value followed by "Apartment" with an average price of $1 / sq.feet.
