The average rent price in the Tennessee region has had a slight rise in recent months. There has been a rise in the rent prices in this region.
The price per sq.feet in Tennessee has risen in the last 6 months. During March, the average price per sq.feet was $1.19. The following month (April) the price had a considerable rise reaching $1.43 per sq.feet. The price per sq.feet for the following two months barely changed going from $1.31 to $1.28 per sq.feet. In the last two months, the price per sq.feet has risen 109 %. This has been obtained by comparing the price $1.3 for the first four months of the sample with regard to the previous 4 months and the price $1.41 per sq.feet for the last two months (July, August).
When referring to the price in Tennessee(region), this has risen in the last 6 months. The average rent price in March is $1,292. In April the price rose to $1,408. In the following two months the average price practically remained the same compared to the previous two going from $1,350 to $1,291.5. During the last two months the price has gone up 115 % compared to the previous average values going from $1,320.75 a $1,515 in July y August.
The graph displaying the the average rent price per number of bedrooms shows that those with 2 bedrooms are the most affordable ones. They are 21 % cheaper than the average price in Tennessee followed by those with 1 with an average price of $1,290. The most expensive properties have 4 bedrooms. They are 33 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,809.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $0.94 / sq.feet being $1.46 / sq.feet the average for Tennessee. The properties with the highest average price are those with 1 bedroom. These are 340 % more expensive than the average followed by those with 2 bedrooms with a price of $1.19 / sq.feet.
The graph displaying the average rent price according to the property type shows "House" as the most affordable one. With an average cost of $1,584 it is 24 % cheaper than the average in Tennessee. This is followed by "Office" with a cost of $1,290. The most expensive property type is "Townhouse" and is 104 % more costly than the average, followed by "" with a cost of $1,869.
Based upon the average cost per sq.feet the most affordable property type is "Townhouse with a an average price of $1 / sq.feet, followed by "Land" with a price of $1.15 / sq.feet. "Condo" with an average price of $55.64 / sq.feet is the most expensive type of property followed by "Office" at a price of $10 / sq.feet.