The rent prices in real estate in Kalamazoo, 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 Kalamazoo has risen strongly during the last 6 months. In April, the average price per sq.feet was $1.01. In the following month the price per sq.feet rose to $1.16. The price for the following two months in (June, July) had a considerable rise of 216 %. The price per sq.feet has had a considerable fall of 55 % 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 $1.72 to $0.94 during August, and September.
When referring to the price in Kalamazoo (cities), this has fallen in the last 6 months. In our first sample month during April, the average price is $988. In May This price remains at $962. In the following two months the average price has hardly changed with regard to the previous two months from $975 to $944.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $959.75 to $896 in August and September.
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 $955 they are 24 % more affordable than the average price for Kalamazoo . The properties with the highest average price have 4 bedrooms, Their price is 49 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,227.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.82 / sq.feet, with an average $0.94 / sq.feet price in Kalamazoo. The properties with the most expensive average prices have 1 bedroom. They are 9 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.94 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $955 it is 13 % more affordable than the average price in Kalamazoo. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $962 it is 70 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $0.94 / sq.feet followed by "House" priced at $1.01 / sq.feet. "House" is the most expensive type of property with a $1.01 / sq.feet value followed by "Apartment" with an average price of $0.94 / sq.feet.