The rent prices in real estate in Shelbyville, 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 Shelbyville has had a strong fall during the last 6 months. In March, the average price per sq.feet was $1. In the following month the price per sq.feet fell considerably to . The price for the following two months in (May, June) had a considerable rise of 186 %. The price per sq.feet has had a considerable fall of 78 % 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 $0.72 to $0.56 during July, and August.
When referring to the price in Shelbyville (cities), this has fallen considerably in the last 6 months. In our first sample month during March, the average price is $1,062. In April This price remains at $1,015. During the following two months (May, June) 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 increased 107 % 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 $822 they are 0 % more affordable than the average price for Shelbyville . The properties with the highest average price have 2 bedrooms, Their price is 10 % more expensive than the average. After that we have properties with 1 bedroom priced at $818.
The graph displaying the average rent prices displays the property type "" as the most expensive one. At an cost of $822 it is 10 % more expensive than the average price in Shelbyville. "Commercial" is seen as the second most expensive property type. The most expensive property type is "Commercial" followed by "". At a price of $904 it is 36 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "Commercial with an average cost of $2 / sq.feet. "Commercial" at an average price of $2 / sq.feet has the highest price and would be directed at more affluent cities.