The rent prices in real estate in Pigeon Forge, 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 Pigeon Forge has had a strong fall during the last 6 months. In March, the average price per sq.feet was $28.97. In the following month the price per sq.feet rose considerably to $65.51. The price for the following two months in (May, June) had a considerable fall of 4 with regard to the previous two months. The price per sq.feet has had a considerable fall of 30 % 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 $24.46 to $7.33 during July, and August.
When referring to the price in Pigeon Forge (cities), this has fallen in the last 6 months. The average price during our first sample month during March, is $1,207. During April the price went through a considerable rise reaching $1,600. During the following two months (May, June) the average price had a considerable fall of 60 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 89 %, going from $1,124.25 to $996 in July and August.
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 $878 they are 7 % more affordable than the average price for Pigeon Forge . The properties with the highest average price have 2 bedrooms, Their price is 27 % more expensive than the average. After that we have properties with 1 bedroom priced at $815.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of $1.77 / sq.feet, with an average $1.66 / sq.feet price in Pigeon Forge. The properties with the most expensive average prices have 2 bedrooms. They are 623 % more expensive than the average followed by properties with 1 bedroom with a price at $1.77 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most expensive one. At an cost of $878 it is 4 % more expensive than the average price in Pigeon Forge. "Commercial" is seen as the second most expensive property type. The most expensive property type is "Townhouse" followed by "House". At a price of $1,112 it is 104 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Commercial" at an average price of $7 / sq.feet followed by "House" priced at $12 / sq.feet. "Townhouse" is the most expensive type of property with a $13 / sq.feet value followed by "House" with an average price of $12 / sq.feet.