The rent prices in real estate in Bloomfield Hills, in the Michigan region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Bloomfield Hills has risen strongly during the last 6 months. In November, the average price per sq.feet was $1.42. In December this price barely changed remaining at $1.41 per sq.feet. The price for the following two months in (January, February) had a considerable rise of 127 %. The price per sq.feet has risen 112 % 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 $1.61 to $1.79 during March, and April.
When referring to the price in Bloomfield Hills (cities), this has risen considerably in the last 6 months. In our first sample month during November, the average price is $2,561. In December This price remains at $2,488. During the following two months (January, February) the average price had a considerable rise of 122 % 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 had a strong increase of 141 % 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 $4,166 they are 56 % more affordable than the average price for Bloomfield Hills . The properties with the highest average price have 4 bedrooms, Their price is 78 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,769.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.64 / sq.feet, with an average $1.87 / sq.feet price in Bloomfield Hills. The properties with the most expensive average prices have 1 bedroom. They are 42 % more expensive than the average followed by properties with 4 bedrooms with a price at $2.16 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $4,166 it is 74 % more affordable than the average price in Bloomfield Hills. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $2,058 it is 14 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.62 / sq.feet followed by "House" priced at $2.22 / sq.feet. "Apartment" is the most expensive type of property with a $2.43 / sq.feet value followed by "House" with an average price of $2.22 / sq.feet.