Property prices for rent in Oxford (Michigan)
The rent prices in real estate in Oxford, in the Michigan region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Oxford has fallen during the last 6 months. In October, the average price per sq.feet was $1.33. In November this price barely changed remaining at $1.28 per sq.feet. The price for the following two months in (December, January) fell 91 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 80 % 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 $1.25 to $1 during February, and March.
When referring to the price in Oxford (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,212. In November This price remains at $1,170. During the following two months (December, January) the average price fell 87 % 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 136 % 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 $1,493 they are 39 % more affordable than the average price for Oxford . The properties with the highest average price have 4 bedrooms, Their price is 99 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,088.
According to average price per property type in Oxford, "" priced at $1,066 is 29 % lower than the average price ($1,493) in this city.
