The rent prices in real estate in Alpena, 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 Alpena has had a strong fall during the last 6 months. In October, the average price per sq.feet was $33.9. In the following month the price per sq.feet fell considerably to $9.66. The price for the following two months in (December, January) had a considerable fall of 82 with regard to the previous two months. The price per sq.feet has had a considerable rise of 120 % 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 $19.81 to $23.75 during February, and March.
When referring to the price in Alpena (cities), this has fallen considerably in the last 6 months. The average price for October is $20,388. During November the price had a considerable fall till $6,080. During the following two months (December, January) the price has had an average rise from $13,234 to $13,951. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $13,592.5 and $13,982 between February and March.
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 $19,105 they are 98 % more affordable than the average price for Alpena . The properties with the highest average price have 1 bedroom, Their price is 41 % more expensive than the average. After that we have properties with 2 bedrooms priced at $899.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.05 / sq.feet, with an average $39.79 / sq.feet price in Alpena. The properties with the most expensive average prices have 1 bedroom. They are 93 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.05 / sq.feet.
According to average price per property type in Alpena, "" priced at $445 is 98 % lower than the average price ($19,105) in this city.