The rent prices in real estate in Montgomery, in the Alabama region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Montgomery has risen during the last 6 months. In January, the average price per sq.feet was $0.67. In February this price barely changed remaining at $0.66 per sq.feet. In the following two months the price per sq.feet has risen 107 %, going from $0.67 to $0.71 per sq.feet. The price per sq.feet has risen 106 % 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 $0.69 to $0.73 during May, and June.
When referring to the price in Montgomery (cities), there have hardly been any changes in the last 6 months. The average price for January is $861. During February the price had a slight fall till $812. In the following two months the average price has hardly changed with regard to the previous two months from $836.5 to $795. Based on an analysis of the first four prices and the last two months the average price has increased 108 % during the last two months.
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 $845 they are 10 % more affordable than the average price for Montgomery . 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 $897.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.63 / sq.feet, with an average $0.72 / sq.feet price in Montgomery. The properties with the most expensive average prices have 1 bedroom. They are 36 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.81 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of $845 it is 9 % more affordable than the average price in Montgomery. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $904 it is 18 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $0.64 / sq.feet followed by "Apartment" priced at $0.9 / sq.feet. "Condo" is the most expensive type of property with a $2 / sq.feet value followed by "Commercial" with an average price of $1 / sq.feet.