The rent prices in real estate in Orange Beach, 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 Orange Beach has had a strong fall during the last 6 months. In July, the average price per sq.feet was $18.2. In the following month the price per sq.feet fell considerably to $1.05. The price for the following two months in (September, October) had a considerable fall of 12 with regard to the previous two months. The price per sq.feet has had a considerable fall of 20 % 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 $5.37 to $1.09 during November, and December.
When referring to the price in Orange Beach (cities), this has risen considerably in the last 6 months. The rent price in July is $1,208, rising in August till $1,297. During the following two months (September, October) the average price had a considerable rise of 126 % 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 95 %, going from $1,412.75 to $1,336 in 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 $1,348 they are 30 % more affordable than the average price for Orange Beach . The properties with the highest average price have 3 bedrooms, Their price is 29 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,510.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.06 / sq.feet, with an average $1.13 / sq.feet price in Orange Beach. The properties with the most expensive average prices have 4 bedrooms. They are 785 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.7 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,348 it is 32 % more affordable than the average price in Orange Beach. "Duplex" is seen as the second most affordable property type. The most affordable property is "House" followed by "Duplex". At a price of $1,019 it is 24 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Duplex" at an average price of $5 / sq.feet followed by "House" priced at $10 / sq.feet. "House" is the most expensive type of property with a $10 / sq.feet value followed by "Duplex" with an average price of $5 / sq.feet.