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 May, the average price per sq.feet was $1.85. In June this price barely changed remaining at $1.82 per sq.feet. The price for the following two months in (July, August) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has had a considerable fall of 0 % 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 $0.92 to during September, and October.
When referring to the price in Spanish Fort (cities), this has fallen considerably in the last 6 months. In our first sample month during May, the average price is $1,933. In June This price remains at $2,000. During the following two months (July, August) the average price had a considerable fall of 61 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,584.75 to $1,185.5, which means a 75 % fall.
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 $1,184 they are 6 % more affordable than the average price for Spanish Fort . The properties with the highest average price have 3 bedrooms, Their price is 17 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,194.
According to average price per property type in Spanish Fort, "" priced at $1,194 is 1 % more expensive than the average price ($1,184) in this city.