Property prices for rent in South Lyon (Michigan)
The rent prices in real estate in South Lyon, in the Michigan region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in South Lyon has fallen during the last 6 months. In March, the average price per sq.feet was $1.88. In April this price barely changed remaining at $1.8 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.84 to $1.88 per sq.feet. The price per sq.feet has had a considerable fall of 74 % 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 $1.86 to $1.38 during July, and August.
When referring to the price in South Lyon (cities), there have hardly been any changes in the last 6 months. In our first sample month during March, the average price is $1,363. In April This price remains at $1,341. In the following two months the average price has hardly changed with regard to the previous two months from $1,352 to $1,398. 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 $1,585 they are 38 % more affordable than the average price for South Lyon . The properties with the highest average price have 1 bedroom, Their price is 32 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,697.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $0.88 / sq.feet, with an average $1.28 / sq.feet price in South Lyon. The properties with the most expensive average prices have 3 bedrooms. They are 18 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.31 / sq.feet.
According to average price per property type in South Lyon, "" priced at $978 is 38 % lower than the average price ($1,585) in this city.
