The rent prices in real estate in Bessemer, in the Alabama 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 Bessemer has risen strongly during the last 6 months. In November, the average price per sq.feet was $0.93. In the following month the price per sq.feet fell to $0.8. The price for the following two months in (January, February) fell 94 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 331 % 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 $0.84 to $2.77 during March, and April.
When referring to the price in Bessemer (cities), this has fallen considerably in the last 6 months. The average price for November is $1,165. During December the price had a considerable fall till $944. During the following two months (January, February) the average price had a considerable fall of 82 % with regard to the previous two months. 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 $959.5 and $971 between March and April.
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 $1,074 they are 43 % more affordable than the average price for Bessemer . The properties with the lowest average price have 4 bedrooms, Their price is 7 % more affordable than the average. After that we have properties with 2 bedrooms priced at $918.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,074 it is 20 % more affordable than the average price in Bessemer. "Condo" is seen as the second most affordable property type. The most affordable property is "Condo" followed by "". At a price of $858 it is 17 % more affordable than the average price.
According to the average area price by sq.feet the most affordable property type is "Condo with an average cost of $4 / sq.feet. "Condo" with an average price of $4 / sq.feet has the most affordable price and would be directed at less affluent cities.