The rent prices in real estate in Semmes, 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 Semmes has had a strong fall during the last 6 months. In April, the average price per sq.feet was $1.21. In May this price barely changed remaining at $1.15 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.18 to $1.15 per sq.feet. The price per sq.feet has had a considerable fall of 44 % 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 $1.17 to $0.51 during August, and September.
When referring to the price in Semmes (cities), this has risen considerably in the last 6 months. The rent price in April is $892, rising in May till $950. During the following two months (June, July) the average price had a considerable rise of 125 % 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 127 % 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 $1,575 they are 50 % more affordable than the average price for Semmes . The properties with the lowest average price have 2 bedrooms, Their price is 34 % more affordable than the average. After that we have properties with 1 bedroom priced at $792.
According to average price per property type in Semmes, "" priced at $1,036 is 34 % lower than the average price ($1,575) in this city.