The rent prices in real estate in East Lansing, 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 Lansing has risen strongly during the last 6 months. In August, the average price per sq.feet was $1.22. In the following month the price per sq.feet rose to $1.29. The price for the following two months in (October, November) fell 90 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 265 % 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 $1.19 to $3.16 during December, and January.
When referring to the price in East Lansing (cities), this has fallen in the last 6 months. In our first sample month during August, the average price is $937. In September This price remains at $969. During the following two months (October, November) the average price fell 90 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 95 %, going from $903.25 to $855 in December and January.
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 $929 they are 17 % more affordable than the average price for East Lansing . The properties with the highest average price have 3 bedrooms, Their price is 46 % more expensive than the average. After that we have properties with 2 bedrooms priced at $939.
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 $5.29 / sq.feet price in East Lansing. The properties with the most expensive average prices have 3 bedrooms. They are 121 % more expensive than the average followed by properties with 1 bedroom with a price at $1.29 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $929 it is 7 % more affordable than the average price in East Lansing. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $950 it is 44 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $0.72 / sq.feet followed by "Condo" priced at $1.43 / sq.feet. "Apartment" is the most expensive type of property with a $6.46 / sq.feet value followed by "Condo" with an average price of $1.43 / sq.feet.