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 December, the average price per sq.feet was $29. In January this price barely changed remaining at $29 per sq.feet. The price for the following two months in (February, March) had a considerable fall of 38 with regard to the previous two months. The price per sq.feet has had a considerable fall of 0 % 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 $20 to during April, and May.
When referring to the price in New Baltimore (cities), there have hardly been any changes in the last 6 months. The average price for December is $1,140. During January the price had a slight fall till $1,006. During the following two months (February, March) the price has had an average rise from $1,073 to $1,179. 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 $1,126 and $1,091 between April and May.
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 $947 they are 36 % more affordable than the average price for New Baltimore . The properties with the highest average price have 3 bedrooms, Their price is 77 % more expensive than the average. After that we have properties with 2 bedrooms priced at $879.
According to average price per property type in New Baltimore, "" priced at $854 is 10 % lower than the average price ($947) in this city.