The rent prices in real estate in East Lansing, in the Michigan region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in East Lansing has barely changed in the last 6 months. In July, the average price per sq.feet was $1.18. In the following month the price per sq.feet fell to $1.1. The price for the following two months in (September, October) had a considerable rise of 120 %. The price per sq.feet has had a considerable fall of 80 % 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 $1.25 to $1.01 during November, and December.
When referring to the price in East Lansing (cities), this has fallen considerably in the last 6 months. The average price for July is $1,040. During August the price had a considerable fall till $877. In the following two months the average price has hardly changed with regard to the previous two months from $958.5 to $997.5. During the last two months the average price has fallen greatly compared to the previous four going from $978 to $727.5, which means a 74 % 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 $739 they are 8 % more affordable than the average price for East Lansing . The properties with the highest average price have 4 bedrooms, Their price is 25 % more expensive than the average. After that we have properties with 1 bedroom priced at $833.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.67 / sq.feet, with an average $0.99 / sq.feet price in East Lansing. The properties with the most expensive average prices have 1 bedroom. They are 42 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.77 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $739 it is 4 % more affordable than the average price in East Lansing. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $842 it is 71 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $1 / sq.feet followed by "House" priced at $1.05 / sq.feet. "House" is the most expensive type of property with a $1.05 / sq.feet value followed by "Condo" with an average price of $1 / sq.feet.