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.