The rent prices in real estate in Wetumpka, 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 Wetumpka has had a strong fall during the last 6 months. In April, the average price per sq.feet was $5.62. In the following month the price per sq.feet rose to $6.38. In the following two months the price per sq.feet has practically remained the same, going from $6 to $5.91 per sq.feet. The price per sq.feet has had a considerable fall of 21 % 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 $5.96 to $1.24 during August, and September.
When referring to the price in Wetumpka (cities), this has risen considerably in the last 6 months. The average price for April is $962. During May the price had a slight fall till $828. During the following two months (June, July) the average price had a considerable rise of 123 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 223 % 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 $1,000 they are 29 % more affordable than the average price for Wetumpka . The properties with the highest average price have 4 bedrooms, Their price is 145 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,103.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $0.64 / sq.feet, with an average $0.66 / sq.feet price in Wetumpka. The properties with the most expensive average prices have 4 bedrooms. They are 42 % more expensive than the average followed by properties with 1 bedroom with a price at $0.88 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,000 it is 28 % more affordable than the average price in Wetumpka. "Commercial" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Commercial". At a price of $1,146 it is 63 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $0.54 / sq.feet followed by "House" priced at $0.76 / sq.feet. "Commercial" is the most expensive type of property with a $10 / sq.feet value followed by "House" with an average price of $0.76 / sq.feet.