Property prices for rent in Ann Arbor (Michigan)

The price per sq.feet in Ann Arbor has risen strongly during the last 6 months. In March, the average price per sq.feet was $2.47. In the following month the price per sq.feet rose considerably to $6.79. The price for the following two months in (May, June) had a considerable fall of 50 with regard to the previous two months. The price per sq.feet has had a considerable fall of 66 % 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 $3.47 to $2.29 during July, and August.

When referring to the price in Ann Arbor (cities), this has risen considerably in the last 6 months. The average price during our first sample month during March, is $1,705. During April the price went through a considerable rise reaching $2,074. During the following two months (May, June) the average price had a considerable rise of 116 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 110 % 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 $2,628 they are 29 % more affordable than the average price for Ann Arbor . The properties with the highest average price have 4 bedrooms, Their price is 25 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,730.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.02 / sq.feet, with an average $2.24 / sq.feet price in Ann Arbor. The properties with the most expensive average prices have 1 bedroom. They are 53 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.31 / sq.feet.

The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $2,628 it is 26 % more affordable than the average price in Ann Arbor. "Condo" is seen as the second most affordable property type. The most expensive property type is "Detached House" followed by "House". At a price of $2,770 it is 9 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "Detached House" at an average price of $1.82 / sq.feet followed by "House" priced at $2.25 / sq.feet. "Townhouse" is the most expensive type of property with a $126 / sq.feet value followed by "Condo" with an average price of $3.14 / sq.feet.