Property prices for rent in Lansing (Michigan)
The rent prices in real estate in Lansing, 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 Lansing has risen during the last 6 months. In March, the average price per sq.feet was $1.25. In the following month the price per sq.feet rose to $1.42. In the following two months the price per sq.feet has practically remained the same, going from $1.34 to $1.3 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 $1.32 to $1.31 during July y August
When referring to the price in Lansing (cities), this has risen considerably in the last 6 months. The average price during our first sample month during March, is $1,015. During April the price went through a considerable rise reaching $1,296. In the following two months the average price has hardly changed with regard to the previous two months from $1,155.5 to $1,138. 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 $1,146.75 and $1,163.5 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 $1,243 they are 20 % more affordable than the average price for Lansing . The properties with the highest average price have 4 bedrooms, Their price is 25 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,359.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.15 / sq.feet, with an average $1.41 / sq.feet price in Lansing. The properties with the most expensive average prices have 1 bedroom. They are 4 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.26 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,243 it is 20 % more affordable than the average price in Lansing. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Townhouse". At a price of $1,075 it is 12 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1.07 / sq.feet followed by "Condo" priced at $1.41 / sq.feet. "House" is the most expensive type of property with a $1.55 / sq.feet value followed by "Condo" with an average price of $1.41 / sq.feet.
