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 June, the average price per sq.feet was $5.48. In the following month the price per sq.feet rose considerably to $7.9. The price for the following two months in (August, September) had a considerable fall of 17 with regard to the previous two months. The price per sq.feet has had a considerable fall of 28 % 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 $3.9 to $1.1 during October, and November.
When referring to the price in Old Hickory (cities), this has risen in the last 6 months. The rent price in June is $1,444, rising in July till $1,598. During the following two months (August, September) the price has had an average rise from $1,521 to $1,719.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,620.25 and $1,568.5 between October and November.
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 $1,412 they are 33 % more affordable than the average price for Old Hickory . The properties with the highest average price have 4 bedrooms, Their price is 29 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,754.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $2 / sq.feet, with an average $1.11 / sq.feet price in Old Hickory. The properties with the most expensive average prices have 1 bedroom. They are 170 % more expensive than the average followed by properties with 2 bedrooms with a price at $2 / sq.feet.
According to average price per property type in Old Hickory, "" priced at $1,532 is 8 % more expensive than the average price ($1,412) in this city.