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 September, the average price per sq.feet was $1. In October this price barely changed remaining at $1 per sq.feet. The price for the following two months in (November, December) had a considerable fall of 50 with regard to the previous two months. The price per sq.feet has had a considerable fall of 67 % 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 $0.75 to $0.5 during January, and February.
When referring to the price in Sparta (cities), this has risen considerably in the last 6 months. The average price during our first sample month during September, is $1,028. During October the price went through a considerable rise reaching $1,215. In the following two months the average price has hardly changed with regard to the previous two months from $1,121.5 to $1,169. Based on an analysis of the first four prices and the last two months the average price has increased 111 % 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 $1,321 they are 39 % more affordable than the average price for Sparta . The properties with the highest average price have 2 bedrooms, Their price is 16 % more expensive than the average. After that we have properties with 3 bedrooms priced at $898.
According to average price per property type in Sparta, "" priced at $888 is 33 % lower than the average price ($1,321) in this city.