Property prices for rent in Southfield (Michigan)

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.

$1,317.83
Average price last 6 months
$4.87
Price/sq.feet last 6 months
Average price per sq.feet

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.

Average price

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.

Average price per bedrooms

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.

Price per property type

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.

Charts data
Average price September
Average price per sq.feet September
Number of properties used in Southfield
Number of properties used in region Michigan
$1,335
$1.16
626
64,510
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value