Property prices for rent in Savannah (Georgia)
The rent prices in real estate in Savannah, in the Georgia 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 Savannah has had a strong fall during the last 6 months. In July, the average price per sq.feet was $1.96. In August this price barely changed remaining at $1.96 per sq.feet. The price for the following two months in (September, October) had a considerable fall of 70 with regard to the previous two months. The price per sq.feet has had a considerable fall of 75 % 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 $1.67 to $1.25 during November, and December.
When referring to the price in Savannah (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $1,360. In August This price remains at $1,332. During the following two months (September, October) the price has had an average rise from $1,346 to $1,463. 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 $1,404.5 and $1,354 between November and December.
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 $1,413 they are 16 % more affordable than the average price for Savannah . The properties with the highest average price have 4 bedrooms, Their price is 28 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,471.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.84 / sq.feet, with an average $1.31 / sq.feet price in Savannah. The properties with the most expensive average prices have 1 bedroom. They are 26 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.23 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,413 it is 31 % more affordable than the average price in Savannah. "House" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $1,517 it is 15 % 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 $1.19 / sq.feet followed by "House" priced at $1.25 / sq.feet. "Townhouse" is the most expensive type of property with a $1.54 / sq.feet value followed by "House" with an average price of $1.25 / sq.feet.
