The rent prices in real estate in East Lansing, in the Michigan region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in East Lansing has fallen during the last 6 months. In February, the average price per sq.feet was $1.21. In the following month the price per sq.feet fell to $1.13. In the following two months the price per sq.feet has practically remained the same, going from $1.17 to $1.12 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $1.14 to $1.15 during June y July
When referring to the price in East Lansing (cities), this has fallen in the last 6 months. The average price for February is $985. During March the price had a slight fall till $899. During the following two months (April, May) the average price fell 90 % 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 $894 and $884 between June and July.
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 $971 they are 5 % more affordable than the average price for East Lansing . The properties with the highest average price have 3 bedrooms, Their price is 23 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,095.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.79 / sq.feet, with an average $1.29 / sq.feet price in East Lansing. The properties with the most expensive average prices have 1 bedroom. They are 29 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.15 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $971 it is 13 % more affordable than the average price in East Lansing. "" is seen as the second most affordable property type. The most affordable property is "" followed by "House". At a price of $845 it is 3 % more affordable than the average price.
According to the average area price by sq.feet the most affordable property type is "House with an average cost of $1.23 / sq.feet. "House" with an average price of $1.23 / sq.feet has the most affordable price and would be directed at less affluent cities.