Property prices for rent in Birmingham (Alabama)
The rent prices in real estate in Birmingham, 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 Birmingham has risen strongly during the last 6 months. In October, the average price per sq.feet was $47.96. In the following month the price per sq.feet rose considerably to $68.08. The price for the following two months in (December, January) fell 92 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 136 % 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 $55.6 to $75.35 during February, and March.
When referring to the price in Birmingham (cities), this has risen in the last 6 months. The rent price in October is $1,308, rising in November till $1,430. In the following two months the average price has hardly changed with regard to the previous two months from $1,369 to $1,349. Based on an analysis of the first four prices and the last two months the average price has increased 111 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,416 they are 14 % more affordable than the average price for Birmingham . The properties with the highest average price have 2 bedrooms, Their price is 4 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,421.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.77 / sq.feet, with an average $63.5 / sq.feet price in Birmingham. The properties with the most expensive average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at $66.64 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,416 it is 25 % more affordable than the average price in Birmingham. "Condo" is seen as the second most affordable property type. The most expensive property type is "" followed by "Land". At a price of $1,751 it is 30 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $0.83 / sq.feet followed by "House" priced at $1.19 / sq.feet. "Land" is the most expensive type of property with a $116.75 / sq.feet value followed by "House" with an average price of $1.19 / sq.feet.
