Property prices for rent in Milan (Michigan)
The rent prices in real estate in Milan, 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 Milan has had a strong fall during the last 6 months. In November, the average price per sq.feet was $1. In the following month the price per sq.feet rose considerably to $1.56. The price for the following two months in (January, February) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has had a considerable fall of 73 % 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 $0.64 to $0.47 during March, and April.
When referring to the price in Milan (cities), this has risen considerably in the last 6 months. The average price during our first sample month during November, is $1,067. During December the price went through a considerable rise reaching $1,333. During the following two months (January, February) the price has had an average rise from $1,200 to $1,290.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $1,245.25 to $1,156.5 in March and April.
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 $963 they are 17 % more affordable than the average price for Milan . The properties with the highest average price have 3 bedrooms, Their price is 107 % more expensive than the average. After that we have properties with 2 bedrooms priced at $996.
According to average price per property type in Milan, "" priced at $858 is 11 % lower than the average price ($963) in this city.
