The rent prices in real estate in Normandy, 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 Normandy has risen strongly during the last 6 months. In October, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to $1. In the following two months the price per sq.feet has practically remained the same, going from $0.5 to $0.5 per sq.feet. The price per sq.feet has had a considerable rise of 242 % 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 $0.5 to $1.21 during February, and March.
When referring to the price in Normandy (cities), this has risen considerably in the last 6 months. The rent price in October is $1,131, rising in November till $1,248. During the following two months (December, January) the average price had a considerable rise of 140 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,425 to $1,002, which means a 70 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,142 they are 7 % more affordable than the average price for Normandy . Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 8 % more expensive than the average aforementioned.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.12 / sq.feet, with an average $1.28 / sq.feet price in Normandy. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 6 % more expensive than the average value aforementioned.