Property prices for rent in Ishpeming (Michigan)
The rent prices in real estate in Ishpeming, 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 Ishpeming has had a strong fall during the last 6 months. In November, the average price per sq.feet was $1.18. In December this price barely changed remaining at $1.18 per sq.feet. The price for the following two months in (January, February) fell 89 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 45 % 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 $1.12 to $0.5 during March, and April.
When referring to the price in Ishpeming (cities), this has fallen in the last 6 months. In our first sample month during November, the average price is $1,058. In December This price remains at $1,058. During the following two months (January, February) the average price fell 93 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 86 %, going from $1,023.5 to $877 in March and April.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,218 they are 47 % more affordable than the average price for Ishpeming . The properties with the lowest average price have 3 bedrooms, Their price is 41 % more affordable than the average. After that we have properties with 1 bedroom priced at $647.
According to average price per property type in Ishpeming, "" priced at $713 is 41 % lower than the average price ($1,218) in this city.
