The rent prices in real estate in Mobile, in the Alabama region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Mobile has had a strong fall during the last 6 months. In July, the average price per sq.feet was $2.09. In the following month the price per sq.feet fell considerably to $0.74. The price for the following two months in (September, October) had a considerable fall of 57 with regard to the previous two months. The price per sq.feet has had a considerable fall of 73 % 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 $1.11 to $0.81 during November, and December.
When referring to the price in Mobile (cities), this has fallen in the last 6 months. The average price for July is $981. During August the price had a slight fall till $903. In the following two months the average price has hardly changed with regard to the previous two months from $942 to $926. 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 $934 and $890 between November and December.
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 $923 they are 20 % more affordable than the average price for Mobile . The properties with the highest average price have 4 bedrooms, Their price is 14 % more expensive than the average. After that we have properties with 3 bedrooms priced at $986.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.75 / sq.feet, with an average $0.79 / sq.feet price in Mobile. The properties with the most expensive average prices have 4 bedrooms. They are 578 % more expensive than the average followed by properties with 1 bedroom with a price at $1.06 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $923 it is 10 % more affordable than the average price in Mobile. "House" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $945 it is 18 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $0.97 / sq.feet followed by "Land" priced at $12 / sq.feet. "Land" is the most expensive type of property with a $12 / sq.feet value followed by "House" with an average price of $0.97 / sq.feet.