The average rent price in the Alabama region has had a slight rise in recent months. There has been a rise in the rent prices in this region.
The price per sq.feet in Alabama has risen in the last 6 months. During September, the average price per sq.feet was $1.03. The following month (October) the price rose to $1.11 per sq.feet. The price per sq.feet for the following two months barely changed going from $1.07 to $1.05 per sq.feet. In the last two months, the price per sq.feet has risen 105 %. This has been obtained by comparing the price $1.06 for the first four months of the sample with regard to the previous 4 months and the price $1.12 per sq.feet for the last two months (January, February).
When referring to the price in Alabama(region), there have hardly been any changes in the last 6 months. In the first month sample September the average price is $1,379. In October the price remains at $1,379. In the following two months the average price practically remained the same compared to the previous two going from $1,379 to $1,377. During the last two months the price has gone down 95 % compared to the previous average values going from $1,378 a $1,304.5 in January y February.
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 26 % cheaper than the average price in Alabama followed by those with 2 with an average price of $1,131. The most expensive properties have 4 bedrooms. They are 49 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,318.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $1 / sq.feet being $1.11 / sq.feet the average for Alabama. The properties with the highest average price are those with 1 bedroom. These are 32 % more expensive than the average followed by those with 2 bedrooms with a price of $1.16 / 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 $1,246 it is 46 % cheaper than the average in Alabama. This is followed by "Land" with a cost of $970. The most expensive property type is "Condo" and is 159 % more costly than the average, followed by "Commercial" with a cost of $1,819.
Based upon the average cost per sq.feet the most affordable property type is "Detached House with a an average price of $1.03 / sq.feet, followed by "House" with a price of $1.04 / sq.feet. "Condo" with an average price of $5.5 / sq.feet is the most expensive type of property followed by "Commercial" at a price of $1.46 / sq.feet.