The rent prices in real estate in Troy, in the Michigan region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Troy has fallen during the last 6 months. In April, the average price per sq.feet was $9.02. In the following month the price per sq.feet fell to $8.44. The price for the following two months in (June, July) had a considerable rise of 147 %. The price per sq.feet has had a considerable fall of 22 % 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 $10.77 to $2.39 during August, and September.
When referring to the price in Troy (cities), this has risen in the last 6 months. In our first sample month during April, the average price is $1,564. In May This price remains at $1,522. During the following two months (June, July) the average price had a considerable rise of 118 % 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 increased 105 % 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 $1,829 they are 12 % more affordable than the average price for Troy . The properties with the highest average price have 3 bedrooms, Their price is 34 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,388.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.07 / sq.feet, with an average $3.27 / sq.feet price in Troy. The properties with the most expensive average prices have 2 bedrooms. They are 274 % more expensive than the average followed by properties with 1 bedroom with a price at $7.04 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of $1,829 it is 43 % more affordable than the average price in Troy. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,751 it is 16 % 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 $1.06 / sq.feet followed by "Office" priced at $1.21 / sq.feet. "House" is the most expensive type of property with a $13.54 / sq.feet value followed by "Office" with an average price of $1.21 / sq.feet.