Property prices for rent in Richmond (Michigan)
The rent prices in real estate in Richmond, 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 Richmond has had a strong fall during the last 6 months. In December, the average price per sq.feet was $1.23. In the following month the price per sq.feet rose considerably to $1.57. The price for the following two months in (February, March) had a considerable fall of 45 with regard to the previous two months. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $1.01 to $1 during April y May
When referring to the price in Richmond (cities), this has risen considerably in the last 6 months. The average price during our first sample month during December, is $819. During January the price went through a considerable rise reaching $1,788. During the following two months (February, March) the average price had a considerable rise of 124 % 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 $1,461.75 to $779.5, which means a 53 % 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 $821 they are 32 % more affordable than the average price for Richmond . The properties with the highest average price have 3 bedrooms, Their price is 57 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,171.
According to average price per property type in Richmond, "" priced at $1,322 is 61 % more expensive than the average price ($821) in this city.
