The rent prices in real estate in Milwaukee, in the Wisconsin region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Milwaukee has risen strongly during the last 6 months. In November, the average price per sq.feet was $1.3. In the following month the price per sq.feet rose considerably to $1.5. In the following two months the price per sq.feet has risen 109 %, going from $1.4 to $1.52 per sq.feet. The price per sq.feet has risen 111 % 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 $1.46 to $1.63 during March, and April.
When referring to the price in Milwaukee (cities), this has risen in the last 6 months. The rent price in November is $1,196, rising in December till $1,275. In the following two months the average price has hardly changed with regard to the previous two months from $1,235.5 to $1,248. Based on an analysis of the first four prices and the last two months the average price has increased 107 % 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 $1,344 they are 8 % more affordable than the average price for Milwaukee . The properties with the highest average price have 4 bedrooms, Their price is 61 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,574.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.24 / sq.feet, with an average $1.66 / sq.feet price in Milwaukee. The properties with the most expensive average prices have 1 bedroom. They are 7 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.59 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,344 it is 26 % more affordable than the average price in Milwaukee. "Duplex" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,341 it is 1 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Duplex" at an average price of $0.97 / sq.feet followed by "Townhouse" priced at $1.23 / sq.feet. "House" is the most expensive type of property with a $1.7 / sq.feet value followed by "Condo" with an average price of $1.38 / sq.feet.