The rent prices in real estate in Pontiac, 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 Pontiac has fallen during the last 6 months. In October, the average price per sq.feet was $1.46. In the following month the price per sq.feet fell to $1.35. The price for the following two months in (December, January) fell 92 % with regard to the previous two months. The price per sq.feet has fallen 95 % 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 $1.35 to $1.27 during February, and March.
When referring to the price in Pontiac (cities), this has fallen in the last 6 months. The average price for October is $1,358. During November the price had a slight fall till $1,267. In the following two months the average price has hardly changed with regard to the previous two months from $1,312.5 to $1,275. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,293.75 and $1,310 between February and March.
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 $1,286 they are 24 % more affordable than the average price for Pontiac . The properties with the highest average price have 4 bedrooms, Their price is 25 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,535.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.1 / sq.feet, with an average $1.3 / sq.feet price in Pontiac. The properties with the most expensive average prices have 1 bedroom. They are 5 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.35 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,286 it is 46 % more affordable than the average price in Pontiac. "Land" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,347 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $1.22 / sq.feet followed by "House" priced at $1.32 / sq.feet. "Condo" is the most expensive type of property with a $1.66 / sq.feet value followed by "House" with an average price of $1.32 / sq.feet.