The rent prices in real estate in Oakland, 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 Oakland has had a strong fall during the last 6 months. In May, the average price per sq.feet was $2. In the following month the price per sq.feet fell considerably to . In the following two months the price per sq.feet has practically remained the same, going from $1 to $1 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $1 to $1 during September y October
When referring to the price in Oakland (cities), this has fallen in the last 6 months. The average price for May is $3,395. During June the price had a considerable fall till $2,684. During the following two months (July, August) the average price fell 95 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 112 % 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 $3,317 they are 52 % more affordable than the average price for Oakland . The properties with the highest average price have 4 bedrooms, Their price is 8 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,006.
With regard to the average price based upon the property in Oakland we can see that the least affordable property type is "Apartment" at a price of $3,936, they are 19 % more expensive than the average price of (!PRECIO2!). "Apartment" has the most expensive price. This price is 19 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most expensive property type is "Apartment with an average cost of $48 / sq.feet. "Apartment" at an average price of $48 / sq.feet has the highest price and would be directed at more affluent cities.