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.