The rent prices in real estate in East China, 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 East China has risen strongly during the last 6 months. In December, the average price per sq.feet was $0.79. In the following month the price per sq.feet rose considerably to $0.96. In the following two months the price per sq.feet has practically remained the same, going from $0.88 to $0.91 per sq.feet. The price per sq.feet has risen 111 % 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 $0.89 to $0.99 during April, and May.
When referring to the price in East China (cities), this has fallen in the last 6 months. The average price for December is $756. During January the price had a slight fall till $717. During the following two months (February, March) the average price fell 89 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $696.25 and $665.5 between April and May.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $658 they are 7 % more affordable than the average price for East China . The properties with the highest average price have 2 bedrooms, Their price is 11 % more expensive than the average. After that we have properties with 1 bedroom priced at $624.
With regard to the average prices per sq.feet those properties with 1 bedroom are 1 % more expensive than the average price of ($0.96 / sq.feet) in East China. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 1 % more expensive than the average value aforementioned.
According to average price per property type in East China, "" priced at $614 is 7 % lower than the average price ($658) in this city.