The rent prices in real estate in South Lyon, 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 South Lyon has barely changed in the last 6 months. In August, the average price per sq.feet was $1.2. In September this price barely changed remaining at $1.25 per sq.feet. The price for the following two months in (October, November) fell 89 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 115 % 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 $1.16 to $1.34 during December, and January.
When referring to the price in South Lyon (cities), this has fallen considerably in the last 6 months. The average price for August is $2,080. During September the price had a considerable fall till $1,400. During the following two months (October, November) the average price fell 93 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,680.75 to $1,245, which means a 74 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $1,298 they are 23 % more affordable than the average price for South Lyon . The properties with the highest average price have 2 bedrooms, Their price is 15 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,077.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.33 / sq.feet price in South Lyon. The properties with the most expensive average prices have 1 bedroom. They are 6 % more expensive than the average followed by properties with 2 bedrooms with a price at $1 / sq.feet.
According to average price per property type in South Lyon, "" priced at $994 is 23 % lower than the average price ($1,298) in this city.