The rent prices in real estate in Ferndale, 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 Ferndale has fallen during the last 6 months. In November, the average price per sq.feet was $10.61. In the following month the price per sq.feet rose considerably to $20.52. The price for the following two months in (January, February) had a considerable fall of 67 with regard to the previous two months. The price per sq.feet has had a considerable fall of 18 % 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 $13 to $2.29 during March, and April.
When referring to the price in Ferndale (cities), this has risen in the last 6 months. The rent price in November is $1,527, rising in December till $1,641. In the following two months the average price has hardly changed with regard to the previous two months from $1,584 to $1,645. Based on an analysis of the first four prices and the last two months the average price has increased 106 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $1,689 they are 22 % more affordable than the average price for Ferndale . The properties with the highest average price have 2 bedrooms, Their price is 26 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,798.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $2.37 / sq.feet price in Ferndale. The properties with the most expensive average prices have 1 bedroom. They are 6 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.14 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,689 it is 33 % more affordable than the average price in Ferndale. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Apartment". At a price of $1,629 it is 40 % 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 $1 / sq.feet followed by "Apartment" priced at $2 / sq.feet. "Condo" is the most expensive type of property with a $66 / sq.feet value followed by "Apartment" with an average price of $2 / sq.feet.