The rent prices in real estate in Cedar Springs, 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 Cedar Springs has had a strong fall during the last 6 months. In October, the average price per sq.feet was $8. In the following month the price per sq.feet fell considerably to . The price for the following two months in (December, January) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has had a considerable fall of 75 % 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 $2 to $1.5 during February, and March.
When referring to the price in Cedar Springs (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $769. During November the price went through a considerable rise reaching $2,456. During the following two months (December, January) the average price had a considerable rise of 117 % 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 $1,753.25 to $859, which means a 49 % fall.
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 $707 they are 6 % more affordable than the average price for Cedar Springs . The properties with the highest average price have 1 bedroom, Their price is 5 % more expensive than the average. After that we have properties with 2 bedrooms priced at $668.
According to average price per property type in Cedar Springs, "" priced at $668 is 6 % lower than the average price ($707) in this city.