The rent prices in real estate in Spanish Fort, 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 Spanish Fort has had a strong fall during the last 6 months. In November, the average price per sq.feet was $1.07. In the following month the price per sq.feet fell to $0.97. The price for the following two months in (January, February) fell 89 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 54 % 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 $0.51 during March, and April.
When referring to the price in Spanish Fort (cities), this has fallen in the last 6 months. The average price for November is $2,025. During December the price had a considerable fall till $1,561. In the following two months the average price has hardly changed with regard to the previous two months from $1,793 to $1,878.5. 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 $1,835.75 and $1,888 between March and April.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,848 they are 41 % more affordable than the average price for Spanish Fort . The properties with the lowest average price have 3 bedrooms, Their price is 27 % more affordable than the average. After that we have properties with 4 bedrooms priced at $1,158.
According to average price per property type in Spanish Fort, "" priced at $1,158 is 37 % lower than the average price ($1,848) in this city.