The rent prices in real estate in Newnan, in the Georgia 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 Newnan has risen strongly during the last 6 months. In July, the average price per sq.feet was $1.14. In August this price barely changed remaining at $1.11 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.12 to $1.08 per sq.feet. The price per sq.feet has had a considerable rise of 165 % 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 $1.1 to $1.81 during November, and December.
When referring to the price in Newnan (cities), this has risen in the last 6 months. In our first sample month during July, the average price is $1,301. In August This price remains at $1,291. In the following two months the average price has hardly changed with regard to the previous two months from $1,296 to $1,337.5. 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 $1,474 they are 23 % more affordable than the average price for Newnan . The properties with the highest average price have 4 bedrooms, Their price is 18 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,547.
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 $2.55 / sq.feet price in Newnan. The properties with the most expensive average prices have 2 bedrooms. They are 360 % more expensive than the average followed by properties with 1 bedroom with a price at $4.31 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,474 it is 14 % more affordable than the average price in Newnan. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $1,425 it is 14 % 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 $0.89 / sq.feet followed by "Condo" priced at $0.97 / sq.feet. "Apartment" is the most expensive type of property with a $27.78 / sq.feet value followed by "Condo" with an average price of $0.97 / sq.feet.