The rent prices in real estate in Traverse City, in the Michigan region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Traverse City has barely changed in the last 6 months. In September, the average price per sq.feet was $1.33. In the following month the price per sq.feet rose to $1.41. In the following two months the price per sq.feet has practically remained the same, going from $1.37 to $1.35 per sq.feet. The price per sq.feet has risen 106 % 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 $1.36 to $1.43 during January, and February.
When referring to the price in Traverse City (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $1,315. In October This price remains at $1,373. In the following two months the average price has hardly changed with regard to the previous two months from $1,344 to $1,406. 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 $1,375 and $1,355.5 between January and February.
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 16 % more affordable than the average price for Traverse City . The properties with the highest average price have 4 bedrooms, Their price is 67 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,688.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.32 / sq.feet, with an average $1.38 / sq.feet price in Traverse City. The properties with the most expensive average prices have 1 bedroom. They are 20 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.38 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,321 it is 1 % more affordable than the average price in Traverse City. "House" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "House". At a price of $1,394 it is 32 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "House with an average cost of $1 / sq.feet. "House" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.