The rent prices in real estate in Livonia, 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 Livonia has fallen during the last 6 months. In November, the average price per sq.feet was $1.74. In December this price barely changed remaining at $1.76 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 fallen 94 % 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 $1.65 to $1.55 during March, and April.
When referring to the price in Livonia (cities), this has risen in the last 6 months. In our first sample month during November, the average price is $1,786. In December This price remains at $1,832. During the following two months (January, February) the price has had an average rise from $1,809 to $2,074.5. Based on an analysis of the first four prices and the last two months the average price has increased 109 % during the last two months.
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 $2,136 they are 31 % more affordable than the average price for Livonia . The properties with the highest average price have 4 bedrooms, Their price is 29 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,311.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.59 / sq.feet, with an average $1.61 / sq.feet price in Livonia. The properties with the most expensive average prices have 4 bedrooms. They are 12 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.72 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $2,136 it is 24 % more affordable than the average price in Livonia. "Condo" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $2,171 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $1 / sq.feet followed by "Condo" priced at $1.58 / sq.feet. "House" is the most expensive type of property with a $1.64 / sq.feet value followed by "Condo" with an average price of $1.58 / sq.feet.