Property prices for rent in Ovid (Michigan)
The rent prices in real estate in Ovid, 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 Ovid has had a strong fall during the last 6 months. In November, the average price per sq.feet was $0.86. In December this price barely changed remaining at $0.86 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $0.86 to $0.89 per sq.feet. The price per sq.feet has had a considerable fall of 53 % 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 $0.88 to $0.47 during March, and April.
When referring to the price in Ovid (cities), this has risen in the last 6 months. In our first sample month during November, the average price is $615. In December This price remains at $615. During the following two months (January, February) the price has had an average rise from $615 to $671. Based on an analysis of the first four prices and the last two months the average price has increased 115 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $739 they are 35 % more affordable than the average price for Ovid . The properties with the highest average price have 2 bedrooms, Their price is 1 % more expensive than the average. After that we have properties with 1 bedroom priced at $628.
According to average price per property type in Ovid, "" priced at $482 is 35 % lower than the average price ($739) in this city.
