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 $2.82. In the following month the price per sq.feet fell considerably to . The price for the following two months in (July, August) had a considerable fall of 71 with regard to the previous two months. The price per sq.feet has had a considerable rise of 207 % 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 $1.2 to $2.49 during September, and October.
When referring to the price in Oakland (cities), this has fallen considerably in the last 6 months. The average price for May is $2,700. During June the price had a considerable fall till . In the following two months the average price has hardly changed with regard to the previous two months from $1,350 to $1,345. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 223 % 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 $3,325 they are 51 % more affordable than the average price for Oakland . The properties with the highest average price have 4 bedrooms, Their price is 9 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,050.
With regard to the average prices per sq.feet those properties with 1 bedroom are 67 % more affordable than the average price of ($1 / sq.feet) in Oakland. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 67 % more affordable than the average value aforementioned.
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 $3,980, they are 20 % more expensive than the average price of (!PRECIO2!). "Apartment" has the most expensive price. This price is 20 % 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 $59 / sq.feet. "Apartment" at an average price of $59 / sq.feet has the highest price and would be directed at more affluent cities.