The rent prices in real estate in Michigan City, in the Indiana 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 Michigan City has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.44. In the following month the price per sq.feet fell to $1.26. The price for the following two months in (December, January) had a considerable fall of 83 with regard to the previous two months. The price per sq.feet has fallen 89 % 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 $1.23 to $1.1 during February, and March.
When referring to the price in Michigan City (cities), this has fallen in the last 6 months. The average price for October is $1,385. During November the price had a slight fall till $1,261. During the following two months (December, January) the average price fell 88 % 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 $1,240.75 to $1,164.5 in February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,258 they are 26 % more affordable than the average price for Michigan City . The properties with the highest average price have 4 bedrooms, Their price is 89 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,606.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $0.99 / sq.feet, with an average $1.18 / sq.feet price in Michigan City. The properties with the most expensive average prices have 3 bedrooms. They are 14 % more expensive than the average followed by properties with 1 bedroom with a price at $1.34 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,258 it is 26 % more affordable than the average price in Michigan City. "Land" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Land". At a price of $1,143 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.03 / sq.feet followed by "Land" priced at $1.23 / sq.feet. "Land" is the most expensive type of property with a $1.23 / sq.feet value followed by "House" with an average price of $1.03 / sq.feet.