The rent prices in real estate in Grayling, in the Michigan region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Grayling has had a strong fall during the last 6 months. In November, the average price per sq.feet was $1.67. In the following month the price per sq.feet fell to $1.53. In the following two months the price per sq.feet has practically remained the same, going from $1.6 to $1.53 per sq.feet. The price per sq.feet has had a considerable fall of 76 % 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 $1.57 to $1.19 during March, and April.
When referring to the price in Grayling (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $1,418. In December This price remains at $1,468. In the following two months the average price has hardly changed with regard to the previous two months from $1,443 to $1,468. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 87 %, going from $1,455.5 to $1,271.5 in March and April.
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 $1,320 they are 64 % more affordable than the average price for Grayling . The properties with the lowest average price have 1 bedroom, Their price is 64 % more affordable than the average. After that we have properties with 4 bedrooms priced at $470.
According to average price per property type in Grayling, "" priced at $470 is 64 % lower than the average price ($1,320) in this city.