Property prices for rent in Macomb (Michigan)
The rent prices in real estate in Macomb, in the Michigan region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Macomb has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.85. In the following month the price per sq.feet fell to $1.69. The price for the following two months in (December, January) had a considerable fall of 79 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 $1.59 to $1.49 during February, and March.
When referring to the price in Macomb (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,960. In November This price remains at $1,977. During the following two months (December, January) the price has had an average rise from $1,968.5 to $2,172. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 89 %, going from $2,070.25 to $1,844 in February and March.
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 $1,772 they are 36 % more affordable than the average price for Macomb . The properties with the highest average price have 4 bedrooms, Their price is 79 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,282.
According to average price per property type in Macomb, "" priced at $2,197 is 24 % more expensive than the average price ($1,772) in this city.
