The rent prices in real estate in Fairhope, 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 Fairhope has fallen during the last 6 months. In October, the average price per sq.feet was $1.58. In November this price barely changed remaining at $1.59 per sq.feet. The price for the following two months in (December, January) fell 93 % 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 $1.53 to $1.41 during February, and March.
When referring to the price in Fairhope (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $2,114. In November This price remains at $2,125. In the following two months the average price has hardly changed with regard to the previous two months from $2,119.5 to $2,112.5. 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 $2,116 and $2,212.5 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 $2,223 they are 35 % more affordable than the average price for Fairhope . The properties with the highest average price have 4 bedrooms, Their price is 9 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,423.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.22 / sq.feet, with an average $1.46 / sq.feet price in Fairhope. The properties with the most expensive average prices have 1 bedroom. They are 32 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.73 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,223 it is 34 % more affordable than the average price in Fairhope. "Land" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $2,238 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 $1.35 / sq.feet followed by "House" priced at $1.47 / sq.feet. "Condo" is the most expensive type of property with a $2.03 / sq.feet value followed by "House" with an average price of $1.47 / sq.feet.