The rent prices in real estate in Northport, 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 Northport has had a strong fall during the last 6 months. In September, the average price per sq.feet was $1.52. In the following month the price per sq.feet fell considerably to $1.24. The price for the following two months in (November, December) had a considerable fall of 81 with regard to the previous two months. The price per sq.feet has had a considerable fall of 85 % 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 $1.25 to $1.06 during January, and February.
When referring to the price in Northport (cities), this has risen considerably in the last 6 months. The rent price in September is $1,150, rising in October till $1,295. During the following two months (November, December) the price has had an average rise from $1,222.5 to $1,386. Based on an analysis of the first four prices and the last two months the average price has increased 111 % 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 $1,444 they are 37 % more affordable than the average price for Northport . The properties with the highest average price have 4 bedrooms, Their price is 17 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,512.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.06 / sq.feet price in Northport. The properties with the most expensive average prices have 1 bedroom. They are 70 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.06 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,444 it is 45 % more affordable than the average price in Northport. "Land" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Land". At a price of $1,168 it is 14 % 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 $1.02 / sq.feet followed by "Land" priced at $1.11 / sq.feet. "Land" is the most expensive type of property with a $1.11 / sq.feet value followed by "House" with an average price of $1.02 / sq.feet.