The rent prices in real estate in Tuscaloosa, in the Alabama region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Tuscaloosa has risen during the last 6 months. In June, the average price per sq.feet was $1.25. In the following month the price per sq.feet rose considerably to $2.9. The price for the following two months in (August, September) had a considerable fall of 46 with regard to the previous two months. The price per sq.feet has had a considerable fall of 71 % 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 $1.52 to $1.09 during October, and November.
When referring to the price in Tuscaloosa (cities), there have hardly been any changes in the last 6 months. In our first sample month during June, the average price is $1,135. In July This price remains at $1,138. In the following two months the average price has hardly changed with regard to the previous two months from $1,136.5 to $1,168.5. 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 $1,152.5 and $1,133.5 between October and November.
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 $1,098 they are 20 % more affordable than the average price for Tuscaloosa . The properties with the highest average price have 4 bedrooms, Their price is 45 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,329.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.86 / sq.feet, with an average $1.08 / sq.feet price in Tuscaloosa. The properties with the most expensive average prices have 1 bedroom. They are 27 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.12 / sq.feet.
The graph displaying the average rent prices displays the property type "Detached House" as the most affordable one. At an cost of $1,098 it is 15 % more affordable than the average price in Tuscaloosa. "Apartment" is seen as the second most affordable property type. The most expensive property type is "" followed by "Condo". At a price of $1,356 it is 53 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $0.97 / sq.feet followed by "Apartment" priced at $1.15 / sq.feet. "Detached House" is the most expensive type of property with a $19 / sq.feet value followed by "Condo" with an average price of $1.34 / sq.feet.