The rent prices in real estate in Pelham, in the Alabama region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Pelham has fallen during the last 6 months. In October, the average price per sq.feet was $1.43. In the following month the price per sq.feet fell to $1.34. In the following two months the price per sq.feet has practically remained the same, going from $1.38 to $1.37 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $1.38 to $1.36 during February y March
When referring to the price in Pelham (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is $1,934. In November This price remains at $1,839. In the following two months the average price has hardly changed with regard to the previous two months from $1,886.5 to $1,810.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,848.5 and $1,779 between February and March.
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 $1,798 they are 21 % more affordable than the average price for Pelham . The properties with the highest average price have 4 bedrooms, Their price is 34 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,857.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.24 / sq.feet, with an average $1.35 / sq.feet price in Pelham. The properties with the most expensive average prices have 1 bedroom. They are 27 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.36 / sq.feet.
According to average price per property type in Pelham, "" priced at $1,768 is 2 % lower than the average price ($1,798) in this city.