The rent prices in real estate in Grand Ledge, 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 Grand Ledge has risen strongly during the last 6 months. In November, the average price per sq.feet was $0.93. In December this price barely changed remaining at $0.97 per sq.feet. In the following two months the price per sq.feet has risen 114 %, going from $0.95 to $1.08 per sq.feet. The price per sq.feet has had a considerable rise of 115 % 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 $1.01 to $1.17 during March, and April.
When referring to the price in Grand Ledge (cities), this has risen considerably in the last 6 months. The rent price in November is $840, rising in December till $896. During the following two months (January, February) the average price had a considerable rise of 122 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 151 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,292 they are 44 % more affordable than the average price for Grand Ledge . The properties with the lowest average price have 3 bedrooms, Their price is 32 % more affordable than the average. After that we have properties with 2 bedrooms priced at $802.
According to average price per property type in Grand Ledge, "" priced at $885 is 32 % lower than the average price ($1,292) in this city.