Property prices for rent in Bessemer (Alabama)

The rent prices in real estate in Bessemer, in the Alabama region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

Average price last 6 months
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Bessemer has had a strong fall during the last 6 months. In July, the average price per sq.feet was $6.3. In the following month the price per sq.feet fell considerably to $0.76. The price for the following two months in (September, October) had a considerable fall of 23 with regard to the previous two months. The price per sq.feet has had a considerable fall of 37 % 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 $2.17 to $0.8 during November, and December.

Average price

When referring to the price in Bessemer (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $918. In August This price remains at $876. During the following two months (September, October) the price has had an average rise from $897 to $992. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $944.5 and $911.5 between November and December.

Average price per bedrooms

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 $826 they are 16 % more affordable than the average price for Bessemer . The properties with the highest average price have 4 bedrooms, Their price is 110 % more expensive than the average. After that we have properties with 3 bedrooms priced at $924.

Price per property type

The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $826 it is 1 % more affordable than the average price in Bessemer. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $827 it is 9 % more expensive than the average price.

According to the average cost per sq.feet, the least affordable property would be "Townhouse" at an average price of $10 / sq.feet followed by "Condo" priced at $20 / sq.feet. "Condo" is the most expensive type of property with a $20 / sq.feet value followed by "Townhouse" with an average price of $10 / sq.feet.

Charts data
Average price December
Average price per sq.feet December
Number of properties used in Bessemer
Number of properties used in region Alabama
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value