The rent prices in real estate in Old Hickory, 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 Old Hickory has had a strong fall during the last 6 months. In April, the average price per sq.feet was $1.21. In the following month the price per sq.feet rose to $1.28. In the following two months the price per sq.feet has practically remained the same, going from $1.25 to $1.28 per sq.feet. The price per sq.feet has had a considerable fall of 51 % 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 $1.26 to $0.64 during August, and September.
When referring to the price in Old Hickory (cities), this has fallen in the last 6 months. In our first sample month during April, the average price is $1,707. In May This price remains at $1,744. During the following two months (June, July) the price has had an average rise from $1,725.5 to $1,850. During the last two months the average price has fallen greatly compared to the previous four going from $1,787.75 to $973.5, which means a 54 % fall.