Property prices for rent in New Baltimore (Michigan)
The rent prices in real estate in New Baltimore, 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 New Baltimore has had a strong fall 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 fell to $1.38. The price for the following two months in (December, January) had a considerable fall of 82 with regard to the previous two months. The price per sq.feet has fallen 86 % 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 $1.34 to $1.15 during February, and March.
When referring to the price in New Baltimore (cities), this has fallen considerably in the last 6 months. The average price for October is $1,992. During November the price had a considerable fall till $1,576. During the following two months (December, January) the average price had a considerable fall of 79 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,598.25 to $1,342.5, which means a 84 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,194 they are 32 % more affordable than the average price for New Baltimore . The properties with the highest average price have 3 bedrooms, Their price is 65 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,021.
With regard to the average prices per sq.feet those properties with 1 bedroom are 4 % more expensive than the average price of ($1.26 / sq.feet) in New Baltimore. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 4 % more expensive than the average value aforementioned.
According to average price per property type in New Baltimore, "" priced at $808 is 32 % lower than the average price ($1,194) in this city.
