The rent prices in real estate in Otsego, in the Michigan region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Otsego has risen strongly during the last 6 months. In January, the average price per sq.feet was $0.96. In the following month the price per sq.feet rose to $1.06. The price for the following two months in (March, April) had a considerable rise of 191 %. The price per sq.feet has risen 113 % 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 $1.47 to $1.65 during May, and June.
When referring to the price in Otsego (cities), this has fallen considerably in the last 6 months. The average price for January is $1,935. During February the price had a slight fall till $1,728. During the following two months (March, April) the average price had a considerable fall of 72 % 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 had a strong increase of 116 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 63 % more affordable than the average price of $491 in Otsego. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 63 % more affordable than the average aforementioned.
According to average price per property type in Otsego, "" priced at $491 is 63 % lower than the average price ($1,316) in this city.