The rent prices in real estate in Cheboygan, 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 Cheboygan has had a strong fall during the last 6 months. In July, the average price per sq.feet was $0.89. In August this price barely changed remaining at $0.85 per sq.feet. The price for the following two months in (September, October) fell 87 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 55 % 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 $0.81 to $0.44 during November, and December.
When referring to the price in Cheboygan (cities), this has fallen in the last 6 months. In our first sample month during July, the average price is $595. In August This price remains at $582. In the following two months the average price has hardly changed with regard to the previous two months from $588.5 to $570. During the last two months the average price has fallen greatly compared to the previous four going from $579.25 to $476, which means a 82 % 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 $454 they are 2 % more affordable than the average price for Cheboygan . The properties with the lowest average price have 1 bedroom, Their price is 1 % more affordable than the average. After that we have properties with 2 bedrooms priced at $447.
According to average price per property type in Cheboygan, "" priced at $447 is 2 % lower than the average price ($454) in this city.