Property prices for rent in Grand Rapids (Michigan)
The rent prices in real estate in Grand Rapids, 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 Grand Rapids has barely changed in the last 6 months. In October, the average price per sq.feet was $1.57. In the following month the price per sq.feet fell to $1.47. In the following two months the price per sq.feet has practically remained the same, going from $1.52 to $1.51 per sq.feet. The price per sq.feet has risen 111 % 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 $1.51 to $1.67 during February, and March.
When referring to the price in Grand Rapids (cities), this has risen in the last 6 months. The rent price in October is $1,600, rising in November till $1,695. In the following two months the average price has hardly changed with regard to the previous two months from $1,647.5 to $1,630.5. Based on an analysis of the first four prices and the last two months the average price has increased 110 % 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 $1,888 they are 26 % more affordable than the average price for Grand Rapids . The properties with the highest average price have 4 bedrooms, Their price is 22 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,844.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.48 / sq.feet, with an average $1.67 / sq.feet price in Grand Rapids. The properties with the most expensive average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.65 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,888 it is 26 % more affordable than the average price in Grand Rapids. "" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "House". At a price of $1,836 it is 19 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1.5 / sq.feet followed by "Condo" priced at $1.54 / sq.feet. "Land" is the most expensive type of property with a $2.5 / sq.feet value followed by "House" with an average price of $1.66 / sq.feet.
