The rent prices in real estate in Southgate, 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 Southgate has risen strongly during the last 6 months. In April, the average price per sq.feet was $1.55. In May this price barely changed remaining at $1.53 per sq.feet. The price for the following two months in (June, July) had a considerable rise of 499 %. The price per sq.feet has had a considerable fall of 11 % 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 $4.61 to $0.5 during August, and September.
When referring to the price in Southgate (cities), this has fallen considerably in the last 6 months. The rent price in April is $1,751, rising in May till $1,902. During the following two months (June, July) the average price had a considerable fall of 79 % 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 $1,636 to $654, which means a 40 % fall.