The rent prices in real estate in Southfield, 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 Southfield has risen strongly during the last 6 months. In April, the average price per sq.feet was $4.04. In the following month the price per sq.feet rose considerably to $5.59. The price for the following two months in (June, July) had a considerable rise of 180 %. The price per sq.feet has had a considerable fall of 17 % 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 $6.75 to $1.12 during August, and September.
When referring to the price in Southfield (cities), this has risen in the last 6 months. The average price for April is $1,257. During May the price had a slight fall till $1,151. During the following two months (June, July) the price has had an average rise from $1,204 to $1,360. Based on an analysis of the first four prices and the last two months the average price has increased 108 % 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 $1,335 they are 31 % more affordable than the average price for Southfield . The properties with the highest average price have 4 bedrooms, Their price is 37 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,595.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.04 / sq.feet, with an average $1.16 / sq.feet price in Southfield. The properties with the most expensive average prices have 1 bedroom. They are 375 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.1 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,335 it is 24 % more affordable than the average price in Southfield. "House" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Condo". At a price of $1,557 it is 29 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.1 / sq.feet followed by "Condo" priced at $1.16 / sq.feet. "Office" is the most expensive type of property with a $1.71 / sq.feet value followed by "Condo" with an average price of $1.16 / sq.feet.