The rent prices in real estate in Romeo, 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 Romeo has had a strong fall during the last 6 months. In November, the average price per sq.feet was $1.06. In the following month the price per sq.feet fell to $0.94. The price for the following two months in (January, February) had a considerable fall of 60 with regard to the previous two months. The price per sq.feet has had a considerable fall of 63 % 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 $0.8 to $0.5 during March, and April.
When referring to the price in Romeo (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $1,300. In December This price remains at $1,317. During the following two months (January, February) the average price fell 87 % 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 had a strong increase of 118 % 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 $1,247 they are 40 % more affordable than the average price for Romeo . The properties with the lowest average price have 2 bedrooms, Their price is 38 % more affordable than the average. After that we have properties with 1 bedroom priced at $752.
According to average price per property type in Romeo, "" priced at $777 is 38 % lower than the average price ($1,247) in this city.