The rent prices in real estate in Paw Paw, 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 Paw Paw has had a strong fall during the last 6 months. In November, the average price per sq.feet was $0.94. In the following month the price per sq.feet rose to $1.02. The price for the following two months in (January, February) had a considerable fall of 55 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 $0.76 to $0.61 during March, and April.
When referring to the price in Paw Paw (cities), this has risen in the last 6 months. The average price during our first sample month during November, is $1,349. During December the price went through a considerable rise reaching $1,666. During the following two months (January, February) the average price had a considerable fall of 84 % 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 displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $2,320 they are 82 % more affordable than the average price for Paw Paw . The properties with the lowest average price have 2 bedrooms, Their price is 52 % more affordable than the average. After that we have properties with 1 bedroom priced at $408.
According to average price per property type in Paw Paw, "" priced at $1,110 is 52 % lower than the average price ($2,320) in this city.