The rent prices in real estate in Milwaukee, in the Wisconsin region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Milwaukee has risen during the last 6 months. In March, the average price per sq.feet was $1.36. In the following month the price per sq.feet rose to $1.56. In the following two months the price per sq.feet has practically remained the same, going from $1.46 to $1.48 per sq.feet. The price per sq.feet has risen 106 % 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 $1.47 to $1.55 during July, and August.
When referring to the price in Milwaukee (cities), there have hardly been any changes in the last 6 months. In our first sample month during March, the average price is $1,212. In April This price remains at $1,235. In the following two months the average price has hardly changed with regard to the previous two months from $1,223.5 to $1,196.5. 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 $1,210 and $1,180.5 between July and August.
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 $1,208 they are 4 % more affordable than the average price for Milwaukee . The properties with the highest average price have 4 bedrooms, Their price is 41 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,425.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.04 / sq.feet, with an average $1.5 / sq.feet price in Milwaukee. The properties with the most expensive average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.27 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,208 it is 12 % more affordable than the average price in Milwaukee. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,316 it is 29 % 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 $1.2 / sq.feet followed by "Condo" priced at $1.42 / sq.feet. "Apartment" is the most affordable type of property with a $1.5 / sq.feet value followed by "Condo" with an average price of $1.42 / sq.feet.