The rent prices in real estate in Bessemer, in the Alabama region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Bessemer has fallen during the last 6 months. In October, the average price per sq.feet was $1.18. In November this price barely changed remaining at $1.16 per sq.feet. The price for the following two months in (December, January) fell 91 % with regard to the previous two months. The price per sq.feet has fallen 92 % 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 $1.12 to $1.03 during February, and March.
When referring to the price in Bessemer (cities), this has fallen in the last 6 months. The average price for October is $1,446. During November the price had a slight fall till $1,310. In the following two months the average price has hardly changed with regard to the previous two months from $1,378 to $1,360.5. 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 $1,369.25 and $1,313 between February and March.
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 $1,248 they are 30 % more affordable than the average price for Bessemer . The properties with the highest average price have 4 bedrooms, Their price is 42 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,124.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.92 / sq.feet, with an average $0.99 / sq.feet price in Bessemer. The properties with the most expensive average prices have 1 bedroom. They are 52 % more expensive than the average followed by properties with 4 bedrooms with a price at $1.04 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,248 it is 31 % more affordable than the average price in Bessemer. "Land" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Land". At a price of $989 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $0.87 / sq.feet followed by "House" priced at $1.02 / sq.feet. "House" is the most expensive type of property with a $1.02 / sq.feet value followed by "Land" with an average price of $0.87 / sq.feet.