Property prices for rent in Royal Oak (Michigan)
The rent prices in real estate in Royal Oak, in the Michigan region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Royal Oak has barely changed in the last 6 months. In October, the average price per sq.feet was $1.99. In the following month the price per sq.feet rose to $2.11. In the following two months the price per sq.feet has practically remained the same, going from $2.05 to $1.95 per sq.feet. The price per sq.feet has fallen 94 % 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 $2 to $1.88 during February, and March.
When referring to the price in Royal Oak (cities), there have hardly been any changes in the last 6 months. The rent price in October is $1,881, rising in November till $2,057. In the following two months the average price has hardly changed with regard to the previous two months from $1,969 to $1,993.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 87 %, going from $1,981.25 to $1,723.5 in February and March.
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 $1,557 they are 7 % more affordable than the average price for Royal Oak . The properties with the highest average price have 4 bedrooms, Their price is 91 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,247.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most expensive ones at a cost of $1.93 / sq.feet, with an average $1.84 / sq.feet price in Royal Oak. The properties with the most expensive average prices have 1 bedroom. They are 12 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.96 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,557 it is 17 % more affordable than the average price in Royal Oak. "Condo" is seen as the second most affordable property type. The most expensive property type is "Detached House" followed by "House". At a price of $2,063 it is 121 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $1.91 / sq.feet followed by "Condo" priced at $1.97 / sq.feet. "Detached House" is the most expensive type of property with a $2 / sq.feet value followed by "Condo" with an average price of $1.97 / sq.feet.
