Property prices for rent in Alabama region
The average rent price in the Alabama region has had a slight fall in recent months. There has been a fall in the rent prices in this region.
The price per sq.feet in Alabama has fallen in the last 6 months. During March, the average price per sq.feet was $1.01. The following month (April) the price had a considerable fall reaching $0.83 per sq.feet. The price per sq.feet for the following two months barely changed going from $0.92 to $0.88 per sq.feet. In the last two months, the price per sq.feet has risen 111 %. This has been obtained by comparing the price $0.9 for the first four months of the sample with regard to the previous 4 months and the price $1 per sq.feet for the last two months (July, August).
When referring to the price in Alabama (region), this has fallen in the last 6 months. March has an average price of $1,250. During Aprilthe price had a strong fall till $1,051. The average price for the following two months (May, June) fell 95 % compared to the previous two. During the last two months the price has gone up 106 % compared to the previous average values going from $1,120.75 a $1,189 in July y August.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 37 % cheaper than the average price in Alabama followed by those with 2 with an average price of $951. The most expensive properties have 4 bedrooms. They are 27 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,213.
Based on the average price per sq.feet those properties with 3 bedrooms are the most affordable ones with a price of $0.95 / sq.feet being $0.96 / sq.feet the average for Alabama. The properties with the highest average price are those with 2 bedrooms. These are 8 % more expensive than the average followed by those with 1 bedroom with a price of $1.02 / sq.feet.
The graph displaying the average rent price according to the property type shows "" as the most affordable one. With an average cost of $1,193 it is 44 % cheaper than the average in Alabama. This is followed by "House" with a cost of $1,136. The most expensive property type is "Apartment" and is 52 % more costly than the average, followed by "Commercial" with a cost of $1,469.
Based upon the average cost per sq.feet the most affordable property type is "House with a an average price of $0.91 / sq.feet, followed by "Apartment" with a price of $1 / sq.feet. "Land" with an average price of $1.43 / sq.feet is the most expensive type of property followed by "Commercial" at a price of $1.41 / sq.feet.
