Property prices for rent in Savannah (Georgia)
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.
