The rent prices in real estate in Romulus, 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 Romulus has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.72. In the following month the price per sq.feet fell to $1.48. The price for the following two months in (December, January) fell 86 % with regard to the previous two months. The price per sq.feet has fallen 86 % 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 $1.49 to $1.28 during February, and March.
When referring to the price in Romulus (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,278. In November This price remains at $1,289. During the following two months (December, January) the average price fell 92 % 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 107 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,412 they are 37 % more affordable than the average price for Romulus . The properties with the highest average price have 3 bedrooms, Their price is 10 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,264.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.22 / sq.feet, with an average $1.29 / sq.feet price in Romulus. The properties with the most affordable average prices have 1 bedroom. They are 3 % more affordable than the average followed by properties with 2 bedrooms with a price at $1.22 / sq.feet.
According to average price per property type in Romulus, "" priced at $887 is 37 % lower than the average price ($1,412) in this city.