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 November, the average price per sq.feet was $4. In the following month the price per sq.feet rose considerably to $35.42. The price for the following two months in (January, February) had a considerable fall of 72 with regard to the previous two months. The price per sq.feet has had a considerable fall of 5 % 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 $16.93 to $0.88 during March, and April.
When referring to the price in Orange Beach (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $1,076. In December This price remains at $1,091. In the following two months the average price has hardly changed with regard to the previous two months from $1,083.5 to $1,083. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $1,083.25 to $972 in March and April.
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 $1,003 they are 14 % more affordable than the average price for Orange Beach . The properties with the highest average price have 3 bedrooms, Their price is 7 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,059.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $0.86 / sq.feet, with an average $0.88 / sq.feet price in Orange Beach. The properties with the most expensive average prices have 4 bedrooms. They are 2741 % more expensive than the average followed by properties with 1 bedroom with a price at $1.03 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,003 it is 7 % more affordable than the average price in Orange Beach. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $934 it is 6 % more expensive 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 $25 / sq.feet. "House" at an average price of $25 / sq.feet has the highest price and would be directed at more affluent cities.