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.