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 November, the average price per sq.feet was $1.32. In December this price barely changed remaining at $1.33 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.33 to $1.38 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 $1.35 to $1.38 during March y April
When referring to the price in Grand Rapids (cities), there have hardly been any changes in the last 6 months. The rent price in November is $1,250, rising in December till $1,379. During the following two months (January, February) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,276.5 and $1,272 between March and April.
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 $1,324 they are 20 % more affordable than the average price for Grand Rapids . The properties with the highest average price have 4 bedrooms, Their price is 36 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,465.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.18 / sq.feet, with an average $1.49 / sq.feet price in Grand Rapids. The properties with the most expensive average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.39 / sq.feet.
The graph displaying the average rent prices displays the property type "Duplex" as the most affordable one. At an cost of $1,324 it is 20 % more affordable than the average price in Grand Rapids. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Land". At a price of $1,515 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Duplex" at an average price of $0.98 / sq.feet followed by "Condo" priced at $1.41 / sq.feet. "Land" is the most expensive type of property with a $1.55 / sq.feet value followed by "House" with an average price of $1.48 / sq.feet.