The rent prices in real estate in Okemos, in the Michigan region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Okemos has risen during the last 6 months. In November, the average price per sq.feet was $1.18. In December this price barely changed remaining at $1.2 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.19 to $1.22 per sq.feet. The price per sq.feet has risen 112 % 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 $1.35 during March, and April.
When referring to the price in Okemos (cities), this has risen considerably in the last 6 months. In our first sample month during November, the average price is $1,104. In December This price remains at $1,074. In the following two months the average price has hardly changed with regard to the previous two months from $1,089 to $1,130.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 145 % 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 $1,808 they are 30 % more affordable than the average price for Okemos . The properties with the highest average price have 3 bedrooms, Their price is 27 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,660.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $1.42 / sq.feet, with an average $1.4 / sq.feet price in Okemos. The properties with the most expensive average prices have 1 bedroom. They are 6 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.42 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,808 it is 46 % more affordable than the average price in Okemos. "" is seen as the second most affordable property type. The most affordable property is "House" followed by "". At a price of $1,323 it is 7 % more affordable than the average price.
According to the average area price by sq.feet the most affordable property type is "House with an average cost of $1 / sq.feet. "House" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.