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 October, the average price per sq.feet was $1.56. In the following month the price per sq.feet rose considerably to $22.22. The price for the following two months in (December, January) had a considerable fall of 13 with regard to the previous two months. The price per sq.feet has had a considerable fall of 23 % 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 $6.71 to $1.52 during February, and March.
When referring to the price in Milwaukee (cities), there have hardly been any changes in the last 6 months. The rent price in October is $1,262, rising in November till $1,345. In the following two months the average price has hardly changed with regard to the previous two months from $1,303.5 to $1,295. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,299.25 and $1,296.5 between 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 $1,257 they are 7 % more affordable than the average price for Milwaukee . The properties with the highest average price have 4 bedrooms, Their price is 66 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,398.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.21 / sq.feet, with an average $1.51 / sq.feet price in Milwaukee. The properties with the most expensive average prices have 4 bedrooms. They are 44 % more expensive than the average followed by properties with 1 bedroom with a price at $1.81 / sq.feet.
The graph displaying the average rent prices displays the property type "Duplex" as the most affordable one. At an cost of $1,257 it is 15 % more affordable than the average price in Milwaukee. "" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Condo". At a price of $1,354 it is 54 % 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 "Condo" priced at $1.3 / sq.feet. "Land" is the most expensive type of property with a $2.02 / sq.feet value followed by "House" with an average price of $1.57 / sq.feet.