The rent prices in real estate in Lake Orion, in the Michigan region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Lake Orion has fallen during the last 6 months. In July, the average price per sq.feet was $1.21. In the following month the price per sq.feet fell considerably to $1.01. In the following two months the price per sq.feet has practically remained the same, going from $1.11 to $1.09 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $1.1 to $1.07 during November y December
When referring to the price in Lake Orion (cities), this has fallen in the last 6 months. In our first sample month during July, the average price is $1,971. In August This price remains at $1,968. During the following two months (September, October) the average price fell 91 % 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 94 %, going from $1,880.75 to $1,766.5 in November and December.
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 $1,803 they are 19 % more affordable than the average price for Lake Orion . The properties with the highest average price have 4 bedrooms, Their price is 56 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,482.
According to average price per property type in Lake Orion, "" priced at $1,196 is 34 % lower than the average price ($1,803) in this city.