Property prices for rent in Otsego (Michigan)

The rent prices in real estate in Otsego, 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.

Average price last 6 months
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Otsego has had a strong fall during the last 6 months. In January, the average price per sq.feet was $1.53. In February this price barely changed remaining at $1.55 per sq.feet. The price for the following two months in (March, April) fell 87 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 69 % 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 $1.44 to $1 during May, and June.

Average price

When referring to the price in Otsego (cities), this has risen in the last 6 months. In our first sample month during January, the average price is $1,857. In February This price remains at $1,946. In the following two months the average price has hardly changed with regard to the previous two months from $1,901.5 to $1,984.5. Based on an analysis of the first four prices and the last two months the average price has increased 106 % during the last two months.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $2,061 they are 77 % more affordable than the average price for Otsego . The properties with the highest average price have 3 bedrooms, Their price is 17 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,584.

Price per property type

According to average price per property type in Otsego, "" priced at $470 is 77 % lower than the average price ($2,061) in this city.

Charts data
Average price June
Average price per sq.feet June
Number of properties used in Otsego
Number of properties used in region Michigan
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value