The rent prices in real estate in Waterford, 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 Waterford has risen during the last 6 months. In December, the average price per sq.feet was $1.17. In January this price barely changed remaining at $1.21 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.19 to $1.21 per sq.feet. The price per sq.feet has risen 107 % 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 $1.2 to $1.28 during April, and May.
When referring to the price in Waterford (cities), this has risen in the last 6 months. The rent price in December is $1,328, rising in January till $1,409. In the following two months the average price has hardly changed with regard to the previous two months from $1,368.5 to $1,399.5. Based on an analysis of the first four prices and the last two months the average price has increased 112 % 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 $1,558 they are 29 % more affordable than the average price for Waterford . The properties with the highest average price have 4 bedrooms, Their price is 105 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,707.
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 $1.28 / sq.feet price in Waterford. The properties with the most expensive average prices have 1 bedroom. They are 13 % 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 "Condo" as the most affordable one. At an cost of $1,558 it is 24 % more affordable than the average price in Waterford. "House" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $1,345 it is 19 % 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.