The rent prices in real estate in Highland Park, in the Michigan region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Highland Park has risen during the last 6 months. In March, the average price per sq.feet was $3.74. In the following month the price per sq.feet rose considerably to $4.44. The price for the following two months in (May, June) had a considerable rise of 115 %. The price per sq.feet has had a considerable fall of 73 % 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 $4.4 to $3.22 during July, and August.
When referring to the price in Highland Park (cities), there have hardly been any changes in the last 6 months. In our first sample month during March, the average price is $839. In April This price remains at $845. In the following two months the average price has hardly changed with regard to the previous two months from $842 to $809.5. 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 $825.75 and $855.5 between July and August.
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 $899 they are 23 % more affordable than the average price for Highland Park . The properties with the highest average price have 4 bedrooms, Their price is 18 % more expensive than the average. After that we have properties with 2 bedrooms priced at $778.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most expensive ones at a cost of $5 / sq.feet, with an average $0.85 / sq.feet price in Highland Park. The properties with the most expensive average prices have 1 bedroom. They are 724 % more expensive than the average followed by properties with 2 bedrooms with a price at $6 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $899 it is 31 % more affordable than the average price in Highland Park. "" is seen as the second most affordable property type. The most affordable property is "House" followed by "Condo". At a price of $824 it is 7 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $5 / sq.feet followed by "Apartment" priced at $7 / sq.feet. "Condo" is the most expensive type of property with a $8 / sq.feet value followed by "Apartment" with an average price of $7 / sq.feet.