The rent prices in real estate in Houghton, in the Michigan region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Houghton has risen strongly during the last 6 months. In November, the average price per sq.feet was $6.05. In the following month the price per sq.feet fell considerably to $1.07. The price for the following two months in (January, February) had a considerable fall of 30 with regard to the previous two months. The price per sq.feet has had a considerable rise of 1276 % 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 $2.32 to $29.53 during March, and April.
When referring to the price in Houghton (cities), this has fallen considerably in the last 6 months. The average price for November is $12,022. During December the price had a considerable fall till $1,225. During the following two months (January, February) the average price had a considerable fall of 15 % 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 468 % 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 $19,560 they are 97 % more affordable than the average price for Houghton . The properties with the lowest average price have 2 bedrooms, Their price is 34 % more affordable than the average. After that we have properties with 3 bedrooms priced at $1,564.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 94 % more affordable than the average price of ($2 / sq.feet) in Houghton. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 94 % more affordable than the average value aforementioned.
According to average price per property type in Houghton, "" priced at $691 is 96 % lower than the average price ($19,560) in this city.