Property prices for rent in East China (Michigan)
The rent prices in real estate in East China, 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 East China has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1. In the following month the price per sq.feet fell to $0.9. The price for the following two months in (December, January) had a considerable fall of 59 with regard to the previous two months. The price per sq.feet has fallen 92 % 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 $0.75 to $0.69 during February, and March.
When referring to the price in East China (cities), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $672. In November This price remains at $663. During the following two months (December, January) the average price had a considerable rise of 130 % 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 163 % 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 $1,859 they are 69 % more affordable than the average price for East China . The properties with the lowest average price have 2 bedrooms, Their price is 56 % more affordable than the average. After that we have properties with 3 bedrooms priced at $609.
According to average price per property type in East China, "" priced at $604 is 68 % lower than the average price ($1,859) in this city.
