The rent prices in real estate in Orange Beach, in the Alabama region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Orange Beach has risen strongly during the last 6 months. In February, the average price per sq.feet was $1.52. In the following month the price per sq.feet rose to $1.65. The price for the following two months in (April, May) had a considerable rise of 121 %. The price per sq.feet has fallen 93 % 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 $1.75 to $1.63 during June, and July.
When referring to the price in Orange Beach (cities), this has risen considerably in the last 6 months. The average price during our first sample month during February, is $3,008. During March the price went through a considerable rise reaching $3,496. During the following two months (April, May) the average price had a considerable rise of 120 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $3,579.75 to $3,335 in June and July.
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 $3,326 they are 73 % more affordable than the average price for Orange Beach . The properties with the lowest average price have 3 bedrooms, Their price is 69 % more affordable than the average. After that we have properties with 2 bedrooms priced at $1,040.
With regard to the average prices per sq.feet those properties with 4 bedrooms are 540 % more expensive than the average price of ($11 / sq.feet) in Orange Beach. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 4 bedrooms. They are 540 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $3,326 it is 70 % more affordable than the average price in Orange Beach. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "". At a price of $995 it is 69 % more affordable than the average price.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $11 / sq.feet. "House" at an average price of $11 / sq.feet has the highest price and would be directed at more affluent cities.