The rent prices in real estate in Alma, in the Michigan 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 Alma has had a strong fall during the last 6 months. In November, the average price per sq.feet was $0.82. In the following month the price per sq.feet rose considerably to $1.01. The price for the following two months in (January, February) had a considerable rise of 119 %. The price per sq.feet has had a considerable fall of 0 % 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 to during March, and April.
When referring to the price in Alma (cities), this has risen considerably in the last 6 months. The average price during our first sample month during November, is $542. During December the price went through a considerable rise reaching $675. During the following two months (January, February) the average price had a considerable rise of 133 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $709.25 to $458.5, which means a 65 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $474 they are 5 % more affordable than the average price for Alma . The properties with the highest average price have 1 bedroom, Their price is 70 % more expensive than the average. After that we have properties with 2 bedrooms priced at $641.
According to average price per property type in Alma, "" priced at $448 is 5 % lower than the average price ($474) in this city.