The rent prices in real estate in Cedar Springs, 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 Cedar Springs has fallen during the last 6 months. In April, the average price per sq.feet was $15. In May this price barely changed remaining at $15 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $15 to $15 per sq.feet. The price per sq.feet has had a considerable fall of 83 % 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 $15 to $12.5 during August, and September.
When referring to the price in Cedar Springs (cities), this has fallen in the last 6 months. In our first sample month during April, the average price is $776. In May This price remains at $776. In the following two months the average price has hardly changed with regard to the previous two months from $776 to $741.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $758.75 to $710.5 in August and September.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $714 they are 3 % more affordable than the average price for Cedar Springs . The properties with the highest average price have 1 bedroom, Their price is 7 % more expensive than the average. After that we have properties with 2 bedrooms priced at $695.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $3 / sq.feet, with an average $10 / sq.feet price in Cedar Springs. The properties with the most affordable average prices have 1 bedroom. They are 50 % more affordable than the average followed by properties with 2 bedrooms with a price at $3 / sq.feet.
With regard to the average price based upon the property in Cedar Springs we can see that the most affordable property type is "House" at a price of $695, they are 3 % cheaper than the average price of (!PRECIO2!). "House" has the most affordable price. This price is 3 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most affordable property type is "House with an average cost of $3 / sq.feet. "House" with an average price of $3 / sq.feet has the most affordable price and would be directed at less affluent cities.