The rent prices in real estate in Sevierville, in the Tennessee region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Sevierville has risen during the last 6 months. In October, the average price per sq.feet was $16.36. In November this price barely changed remaining at $17.13 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 75 with regard to the previous two months. The price per sq.feet has had a considerable rise of 164 % 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 $14.61 to $24.03 during February, and March.
When referring to the price in Sevierville (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $28,900. In November This price remains at $30,233. During the following two months (December, January) the average price had a considerable fall of 72 % 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 had a strong increase of 144 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $35,696 they are 32 % more affordable than the average price for Sevierville . The properties with the highest average price have 3 bedrooms, Their price is 9 % more expensive than the average. After that we have properties with 4 bedrooms priced at $37,644.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $13.86 / sq.feet, with an average $23.59 / sq.feet price in Sevierville. The properties with the most expensive average prices have 1 bedroom. They are 225 % more expensive than the average followed by properties with 3 bedrooms with a price at $27.48 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $35,696 it is 96 % more affordable than the average price in Sevierville. "Commercial" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Land". At a price of $29,271 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Commercial" at an average price of $13 / sq.feet followed by "Condo" priced at $18 / sq.feet. "Land" is the most expensive type of property with a $40.34 / sq.feet value followed by "House" with an average price of $23.95 / sq.feet.