The rent prices in real estate in Pike Road, 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 Pike Road has had a strong fall during the last 6 months. In November, the average price per sq.feet was $0.9. In December this price barely changed remaining at $0.87 per sq.feet. The price for the following two months in (January, February) had a considerable fall of 46 with regard to the previous two months. The price per sq.feet has had a considerable fall of 80 % 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 $0.65 to $0.51 during March, and April.
When referring to the price in Pike Road (cities), there have hardly been any changes in the last 6 months. The average price during our first sample month during November, is $1,292. During December the price went through a considerable rise reaching $1,493. During the following two months (January, February) the average price had a considerable fall of 78 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 126 % 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 $1,583 they are 41 % more affordable than the average price for Pike Road . The properties with the lowest average price have 3 bedrooms, Their price is 21 % more affordable than the average. After that we have properties with 4 bedrooms priced at $1,173.
With regard to the average prices per sq.feet those properties with 4 bedrooms are 677 % more expensive than the average price of ($8 / sq.feet) in Pike Road. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 4 bedrooms. They are 677 % 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 $1,583 it is 38 % more affordable than the average price in Pike Road. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "". At a price of $986 it is 26 % 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 $8 / sq.feet. "House" at an average price of $8 / sq.feet has the highest price and would be directed at more affluent cities.