The rent prices in real estate in Savannah, 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 Savannah has risen strongly during the last 6 months. In March, the average price per sq.feet was $1.15. In April this price barely changed remaining at $1.13 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.14 to $1.16 per sq.feet. The price per sq.feet has had a considerable rise of 170 % 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 $1.15 to $1.96 during July, and August.
When referring to the price in Savannah (cities), this has risen in the last 6 months. In our first sample month during March, the average price is $1,175. In April This price remains at $1,183. During the following two months (May, June) the average price had a considerable rise of 116 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 106 % 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 $1,332 they are 11 % more affordable than the average price for Savannah . The properties with the highest average price have 4 bedrooms, Their price is 42 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,413.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.8 / sq.feet, with an average $1.96 / sq.feet price in Savannah. The properties with the most affordable average prices have 1 bedroom. They are 9 % more affordable than the average followed by properties with 2 bedrooms with a price at $1.24 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,332 it is 26 % more affordable than the average price in Savannah. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,318 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.07 / sq.feet followed by "Townhouse" priced at $1.08 / sq.feet. "House" is the most expensive type of property with a $3.24 / sq.feet value followed by "Townhouse" with an average price of $1.08 / sq.feet.