Property prices for rent in Adrian (Michigan)
The rent prices in real estate in Adrian, in the Michigan region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Adrian has fallen during the last 6 months. In March, the average price per sq.feet was $1.38. In April this price barely changed remaining at $1.37 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.38 to $1.41 per sq.feet. The price per sq.feet has had a considerable fall of 84 % 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 $1.39 to $1.17 during July, and August.
When referring to the price in Adrian (cities), this has risen considerably in the last 6 months. The average price during our first sample month during March, is $950. During April the price went through a considerable rise reaching $1,312. During the following two months (May, June) the price has had an average rise from $1,131 to $1,299. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 126 % 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 $1,532 they are 53 % more affordable than the average price for Adrian . The properties with the highest average price have 4 bedrooms, Their price is 119 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,638.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.11 / sq.feet, with an average $1.15 / sq.feet price in Adrian. The properties with the most expensive average prices have 4 bedrooms. They are 12 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.14 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,532 it is 57 % more affordable than the average price in Adrian. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $1,463 it is 2 % 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 $1.03 / sq.feet followed by "House" priced at $1.16 / sq.feet. "House" is the most expensive type of property with a $1.16 / sq.feet value followed by "Apartment" with an average price of $1.03 / sq.feet.
