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 September, the average price per sq.feet was $1.32. In the following month the price per sq.feet fell considerably to $1.09. In the following two months the price per sq.feet has practically remained the same, going from $1.21 to $1.14 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 $1.17 to $1.17 during January y February
When referring to the price in East Lansing (cities), there have hardly been any changes in the last 6 months. The average price for September is $948. During October the price had a slight fall till $879. In the following two months the average price has hardly changed with regard to the previous two months from $913.5 to $915. Based on an analysis of the first four prices and the last two months the average price has increased 105 % during the last two months.
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 $990 they are 11 % 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 1 bedroom priced at $983.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.85 / sq.feet, with an average $1.18 / sq.feet price in East Lansing. The properties with the most expensive average prices have 1 bedroom. They are 34 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.06 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $990 it is 36 % more affordable than the average price in East Lansing. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Land". At a price of $978 it is 52 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $1.1 / sq.feet followed by "House" priced at $1.14 / sq.feet. "Condo" is the most expensive type of property with a $1.22 / sq.feet value followed by "House" with an average price of $1.14 / sq.feet.