The rent prices in real estate in Lapeer, 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 Lapeer has fallen during the last 6 months. In March, the average price per sq.feet was $1.03. In the following month the price per sq.feet fell considerably to $0.8. The price for the following two months in (May, June) fell 93 % with regard to the previous two months. The price per sq.feet has risen 110 % 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 $0.88 to $0.98 during July, and August.
When referring to the price in Lapeer (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during March, is $4,995. During April the price went through a considerable rise reaching $7,832. During the following two months (May, June) the average price had a considerable fall of 67 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $5,344 to $833, which means a 16 % fall.
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 $833 they are 20 % more affordable than the average price for Lapeer . The properties with the highest average price have 2 bedrooms, Their price is 5 % more expensive than the average. After that we have properties with 3 bedrooms priced at $772.
According to average price per property type in Lapeer, "" priced at $754 is 9 % lower than the average price ($833) in this city.