The rent prices in real estate in Tuscaloosa, 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 Tuscaloosa has risen strongly during the last 6 months. In April, the average price per sq.feet was $0.83. In the following month the price per sq.feet rose considerably to $0.99. In the following two months the price per sq.feet has risen 114 %, going from $0.91 to $1.03 per sq.feet. The price per sq.feet has had a considerable rise of 119 % 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 $0.97 to $1.16 during August, and September.
When referring to the price in Tuscaloosa (cities), this has risen considerably in the last 6 months. The average price during our first sample month during April, is $943. During May the price went through a considerable rise reaching $1,149. During the following two months (June, July) the price has had an average rise from $1,046 to $1,202.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 116 % 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 $1,303 they are 33 % more affordable than the average price for Tuscaloosa . The properties with the highest average price have 4 bedrooms, Their price is 110 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,598.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.05 / sq.feet, with an average $1.24 / sq.feet price in Tuscaloosa. The properties with the most expensive average prices have 4 bedrooms. They are 10 % more expensive than the average followed by properties with 1 bedroom with a price at $1.17 / sq.feet.
The graph displaying the average rent prices displays the property type "Detached House" as the most affordable one. At an cost of $1,303 it is 29 % more affordable than the average price in Tuscaloosa. "House" is seen as the second most affordable property type. The most expensive property type is "" followed by "Townhouse". At a price of $1,476 it is 27 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.09 / sq.feet followed by "House" priced at $1.17 / sq.feet. "Detached House" is the most expensive type of property with a $9 / sq.feet value followed by "Townhouse" with an average price of $1.3 / sq.feet.