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 March, the average price per sq.feet was $0.92. In April this price barely changed remaining at $0.88 per sq.feet. In the following two months the price per sq.feet has risen 113 %, going from $0.9 to $1.01 per sq.feet. The price per sq.feet has had a considerable rise of 1005 % 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 $0.96 to $9.62 during July, and August.
When referring to the price in Orange Beach (cities), this has risen in the last 6 months. The average price during our first sample month during March, is $1,049. During April the price went through a considerable rise reaching $1,235. In the following two months the average price has hardly changed with regard to the previous two months from $1,142 to $1,096. Based on an analysis of the first four prices and the last two months the average price has increased 112 % 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 $1,297 they are 34 % more affordable than the average price for Orange Beach . The properties with the highest average price have 3 bedrooms, Their price is 16 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,079.
With regard to the average prices per sq.feet those properties with 4 bedrooms are 1233 % more expensive than the average price of ($14 / 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 1233 % 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 $1,297 it is 29 % 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 $1,027 it is 20 % 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 $9 / sq.feet followed by "House" priced at $14 / sq.feet. "House" is the most expensive type of property with a $14 / sq.feet value followed by "Duplex" with an average price of $9 / sq.feet.