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 October, the average price per sq.feet was $1.06. In November this price barely changed remaining at $1.06 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.06 to $1.03 per sq.feet. The price per sq.feet has had a considerable fall of 0 % 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 $1.04 to during February, and March.
When referring to the price in Paw Paw (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is $1,663. In November This price remains at $1,663. During the following two months (December, January) the average price had a considerable rise of 122 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,848.5 to $797.5, which means a 43 % fall.
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 $885 they are 55 % more affordable than the average price for Paw Paw . The properties with the highest average price have 2 bedrooms, Their price is 24 % more expensive than the average. After that we have properties with 1 bedroom priced at $402.
According to average price per property type in Paw Paw, "" priced at $1,098 is 24 % more expensive than the average price ($885) in this city.