The rent prices in real estate in Spencer, 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 Spencer has had a strong fall during the last 6 months. In January, the average price per sq.feet was $18. In February this price barely changed remaining at $18 per sq.feet. The price for the following two months in (March, April) had a considerable fall of 50 with regard to the previous two months. The price per sq.feet has had a considerable fall of 63 % 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 $13.5 to $8.5 during May, and June.
When referring to the price in Spencer (cities), this has fallen in the last 6 months. In our first sample month during January, the average price is $1,086. In February This price remains at $1,086. In the following two months the average price has hardly changed with regard to the previous two months from $1,086 to $1,041.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $1,063.75 to $953 in May and June.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 5 % more affordable than the average price of $1,026 in Spencer. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 5 % more affordable than the average aforementioned.
According to average price per property type in Spencer, "" priced at $1,026 is 5 % lower than the average price ($1,084) in this city.