Property prices for rent in Romulus (Michigan)
The rent prices in real estate in Romulus, 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 Romulus has risen strongly during the last 6 months. In November, the average price per sq.feet was $1.48. In December this price barely changed remaining at $1.47 per sq.feet. The price for the following two months in (January, February) fell 87 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 11833 % 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 $1.38 to $163 during March, and April.
When referring to the price in Romulus (cities), there have hardly been any changes in the last 6 months. The average price for November is $1,289. During December the price had a slight fall till $1,179. In the following two months the average price has hardly changed with regard to the previous two months from $1,234 to $1,202. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 121 % 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 $1,543 they are 52 % more affordable than the average price for Romulus . The properties with the lowest average price have 3 bedrooms, Their price is 4 % more affordable than the average. After that we have properties with 2 bedrooms priced at $1,187.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.13 / sq.feet, with an average $324.71 / sq.feet price in Romulus. The properties with the most affordable average prices have 3 bedrooms. They are 100 % more affordable than the average followed by properties with 1 bedroom with a price at $1.27 / sq.feet.
According to average price per property type in Romulus, "" priced at $886 is 43 % lower than the average price ($1,543) in this city.
