The rent prices in real estate in Sterling Heights, 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 Sterling Heights has risen strongly during the last 6 months. In October, the average price per sq.feet was $5.02. In the following month the price per sq.feet rose considerably to $10.24. In the following two months the price per sq.feet has risen 106 %, going from $7.63 to $8.09 per sq.feet. The price per sq.feet has had a considerable rise of 203 % 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 $7.86 to $15.94 during February, and March.
When referring to the price in Sterling Heights (cities), there have hardly been any changes in the last 6 months. The rent price in October is $1,538, rising in November till $1,645. In the following two months the average price has hardly changed with regard to the previous two months from $1,591.5 to $1,524.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,558 and $1,562 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $1,585 they are 9 % more affordable than the average price for Sterling Heights . The properties with the highest average price have 4 bedrooms, Their price is 56 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,574.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.9 / sq.feet, with an average $12.82 / sq.feet price in Sterling Heights. The properties with the most expensive average prices have 2 bedrooms. They are 85 % more expensive than the average followed by properties with 1 bedroom with a price at $15.66 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,585 it is 20 % more affordable than the average price in Sterling Heights. "Condo" is seen as the second most affordable property type. The most expensive property type is "" followed by "Condo". At a price of $1,481 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Apartment" at an average price of $22 / sq.feet followed by "Condo" priced at $40 / sq.feet. "Condo" is the most expensive type of property with a $40 / sq.feet value followed by "Apartment" with an average price of $22 / sq.feet.