The rent prices in real estate in Muskegon, in the Michigan 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 Muskegon has risen strongly during the last 6 months. In February, the average price per sq.feet was $0.77. In the following month the price per sq.feet rose to $0.82. In the following two months the price per sq.feet has risen 111 %, going from $0.8 to $0.88 per sq.feet. The price per sq.feet has had a considerable rise of 146 % 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 $0.84 to $1.22 during June, and July.
When referring to the price in Muskegon (cities), this has risen considerably in the last 6 months. In our first sample month during February, the average price is $779. In March This price remains at $781. During the following two months (April, May) the price has had an average rise from $780 to $827.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 158 % 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 $803 they are 6 % more affordable than the average price for Muskegon . The properties with the highest average price have 4 bedrooms, Their price is 12 % more expensive than the average. After that we have properties with 3 bedrooms priced at $890.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.61 / sq.feet, with an average $1.01 / sq.feet price in Muskegon. The properties with the most expensive average prices have 1 bedroom. They are 20 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.89 / sq.feet.
According to average price per property type in Muskegon, "" priced at $719 is 10 % lower than the average price ($803) in this city.