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 February, the average price per sq.feet was $1.94. In the following month the price per sq.feet fell considerably to . The price for the following two months in (April, May) had a considerable rise of 206 %. The price per sq.feet has had a considerable fall of 34 % 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 $1.49 to $0.5 during June, and July.
When referring to the price in Oakland (cities), this has fallen considerably in the last 6 months. The average price for February is $3,042. During March the price had a considerable fall till . During the following two months (April, May) the average price had a considerable rise of 221 % 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 111 % 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 $2,727 they are 41 % more affordable than the average price for Oakland . The properties with the highest average price have 4 bedrooms, Their price is 32 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,018.
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 $3,948, they are 45 % more expensive than the average price of (!PRECIO2!). "Apartment" has the most expensive price. This price is 45 % 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 $51 / sq.feet. "Apartment" at an average price of $51 / sq.feet has the highest price and would be directed at more affluent cities.