Property prices for rent in Madison (Alabama)
The rent prices in real estate in Madison, 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 Madison has fallen during the last 6 months. In October, the average price per sq.feet was $1.31. In the following month the price per sq.feet fell to $1.2. The price for the following two months in (December, January) fell 94 % with regard to the previous two months. The price per sq.feet has fallen 94 % 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 $1.21 to $1.14 during February, and March.
When referring to the price in Madison (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,789. In November This price remains at $1,761. In the following two months the average price has hardly changed with regard to the previous two months from $1,775 to $1,765.5. 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 $1,770.25 and $1,691.5 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 $1,723 they are 26 % more affordable than the average price for Madison . The properties with the highest average price have 4 bedrooms, Their price is 29 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,843.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.05 / sq.feet, with an average $1.15 / sq.feet price in Madison. The properties with the most expensive average prices have 1 bedroom. They are 37 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.25 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,723 it is 28 % more affordable than the average price in Madison. "Apartment" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $1,975 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1 / sq.feet followed by "House" priced at $1.11 / sq.feet. "Condo" is the most expensive type of property with a $1.42 / sq.feet value followed by "Apartment" with an average price of $1.34 / sq.feet.
