The rent prices in real estate in Springfield, in the Tennessee 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 Springfield has risen strongly during the last 6 months. In August, the average price per sq.feet was $1.01. In September this price barely changed remaining at $1 per sq.feet. The price for the following two months in (October, November) had a considerable rise of 395 %. The price per sq.feet has had a considerable rise of 402 % 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 $2.49 to $10 during December, and January.
When referring to the price in Springfield (cities), this has fallen in the last 6 months. The average price for August is $1,635. During September the price had a slight fall till $1,528. During the following two months (October, November) the average price had a considerable fall of 75 % 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 115 % 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 $1,664 they are 56 % more affordable than the average price for Springfield . The properties with the lowest average price have 3 bedrooms, Their price is 32 % more affordable than the average. After that we have properties with 4 bedrooms priced at $1,024.
According to average price per property type in Springfield, "" priced at $1,024 is 38 % lower than the average price ($1,664) in this city.