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 April, the average price per sq.feet was $1. In May this price barely changed remaining at $1 per sq.feet. The price for the following two months in (June, July) had a considerable fall of 82 with regard to the previous two months. The price per sq.feet has fallen 87 % 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 $0.91 to $0.79 during August, and September.
When referring to the price in Romulus (cities), this has risen considerably in the last 6 months. In our first sample month during April, the average price is $816. In May This price remains at $816. During the following two months (June, July) the average price had a considerable rise of 119 % 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 131 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,028 they are 20 % more affordable than the average price for Romulus . The properties with the lowest average price have 3 bedrooms, Their price is 3 % more affordable than the average. After that we have properties with 4 bedrooms priced at $926.
According to average price per property type in Romulus, "" priced at $926 is 10 % lower than the average price ($1,028) in this city.