The rent prices in real estate in Petoskey, in the Michigan region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Petoskey has risen during the last 6 months. In November, the average price per sq.feet was $1.52. In December this price barely changed remaining at $1.59 per sq.feet. In the following two months the price per sq.feet has risen 112 %, going from $1.55 to $1.75 per sq.feet. The price per sq.feet has fallen 90 % 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 $1.65 to $1.49 during March, and April.
When referring to the price in Petoskey (cities), there have hardly been any changes in the last 6 months. The rent price in November is $1,629, rising in December till $1,825. During the following two months (January, February) the average price fell 88 % 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 increased 109 % 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 $2,096 they are 59 % more affordable than the average price for Petoskey . The properties with the lowest average price have 3 bedrooms, Their price is 0 % more affordable than the average. After that we have properties with 2 bedrooms priced at $1,576.
With regard to the average prices per sq.feet those properties with 1 bedroom are 42 % more affordable than the average price of ($1 / sq.feet) in Petoskey. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 42 % more affordable than the average value aforementioned.
According to average price per property type in Petoskey, "" priced at $1,003 is 52 % lower than the average price ($2,096) in this city.