The rent prices in real estate in Hancock, 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 Hancock has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1. In November this price barely changed remaining at $1 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 50 with regard to the previous two months. The price per sq.feet has had a considerable fall of 0 % 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 $0.75 to during February, and March.
When referring to the price in Hancock (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,646. In November This price remains at $1,686. During the following two months (December, January) the average price had a considerable fall of 81 % 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 115 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 78 % more affordable than the average price of $420 in Hancock. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 78 % more affordable than the average aforementioned.