The rent prices in real estate in Sparta, in the Michigan region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Sparta has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.17. In the following month the price per sq.feet fell to $1.04. The price for the following two months in (December, January) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has had a considerable rise of 130 % 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 $0.55 to $0.72 during February, and March.
When referring to the price in Sparta (cities), this has risen considerably in the last 6 months. The average price for October is $1,067. During November the price had a slight fall till $910. During the following two months (December, January) the average price had a considerable rise of 137 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 117 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,738 they are 47 % more affordable than the average price for Sparta . The properties with the lowest average price have 1 bedroom, Their price is 45 % more affordable than the average. After that we have properties with 2 bedrooms priced at $923.
According to average price per property type in Sparta, "" priced at $923 is 47 % lower than the average price ($1,738) in this city.