The rent prices in real estate in East Jordan, 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 Jordan has had a strong fall during the last 6 months. In October, the average price per sq.feet was $2. In November this price barely changed remaining at $2 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 85 with regard to the previous two months. The price per sq.feet has had a considerable fall of 66 % 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 $1.85 to $1.22 during February, and March.
When referring to the price in East Jordan (cities), this has fallen considerably in the last 6 months. The average price for October is $2,092. During November the price had a considerable fall till $1,617. During the following two months (December, January) the average price fell 87 % 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 $1,736 to $1,037, which means a 60 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 5 % more expensive than the average price of $865 in East Jordan. Based on the bedrooms values, properties with the most expensive rent prices are those with 2 bedrooms. They are 211 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 8 % more expensive than the average price of ($1.31 / sq.feet) in East Jordan. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 8 % more expensive than the average value aforementioned.