The rent prices in real estate in Richland, in the Michigan region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Richland has risen strongly during the last 6 months. In October, the average price per sq.feet was $1. In the following month the price per sq.feet rose considerably to $1.65. The price for the following two months in (December, January) had a considerable rise of 120 %. The price per sq.feet has risen 108 % 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 $1.46 to $1.57 during February, and March.
When referring to the price in Richland (cities), this has fallen considerably in the last 6 months. The average price for October is $2,697. During November the price had a considerable fall till $1,962. During the following two months (December, January) the average price fell 86 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $2,168.5 to $1,985.5 in 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 $1,961 they are 18 % more affordable than the average price for Richland . The properties with the lowest average price have 2 bedrooms, Their price is 10 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,613.
According to average price per property type in Richland, "" priced at $1,757 is 10 % lower than the average price ($1,961) in this city.