The rent prices in real estate in Sheffield, 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 Sheffield has risen strongly during the last 6 months. In October, the average price per sq.feet was $1. In the following month the price per sq.feet rose considerably to $1.34. The price for the following two months in (December, January) had a considerable rise of 121 %. The price per sq.feet has had a considerable rise of 118 % 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 $1.29 to $1.53 during February, and March.
When referring to the price in Sheffield (cities), this has fallen considerably in the last 6 months. The average price for October is $1,034. During November the price had a slight fall till $890. During the following two months (December, January) the average price had a considerable fall of 80 % 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 88 %, going from $868 to $768 in February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $825 they are 52 % more affordable than the average price for Sheffield . The properties with the highest average price have 2 bedrooms, Their price is 6 % more expensive than the average. After that we have properties with 1 bedroom priced at $682.
With regard to the average prices per sq.feet those properties with 1 bedroom are 40 % more affordable than the average price of ($1 / sq.feet) in Sheffield. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 40 % more affordable than the average value aforementioned.
According to average price per property type in Sheffield, "" priced at $400 is 52 % lower than the average price ($825) in this city.