Property prices for rent in Traverse City (Michigan)
The rent prices in real estate in Traverse City, in the Michigan region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Traverse City has risen during the last 6 months. In November, the average price per sq.feet was $1.69. In December this price barely changed remaining at $1.64 per sq.feet. In the following two months the price per sq.feet has risen 108 %, going from $1.66 to $1.8 per sq.feet. The price per sq.feet has had a considerable rise of 117 % 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 $1.73 to $2.03 during March, and April.
When referring to the price in Traverse City (cities), this has risen in the last 6 months. In our first sample month during November, the average price is $1,764. In December This price remains at $1,693. In the following two months the average price has hardly changed with regard to the previous two months from $1,728.5 to $1,773.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 129 % 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 $2,336 they are 38 % more affordable than the average price for Traverse City . The properties with the highest average price have 3 bedrooms, Their price is 13 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,387.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $2.06 / sq.feet price in Traverse City. The properties with the most expensive average prices have 1 bedroom. They are 24 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.86 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,336 it is 54 % more affordable than the average price in Traverse City. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Land". At a price of $2,097 it is 50 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1 / sq.feet followed by "Land" priced at $2 / sq.feet. "House" is the most expensive type of property with a $3 / sq.feet value followed by "Land" with an average price of $2 / sq.feet.
