Property prices for rent in Waterford (Michigan)

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.

Average price last 6 months
Price/sq.feet last 6 months
Average price per sq.feet

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.

Average price

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.

Average price per bedrooms

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.

Price per property type

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.

Charts data
Average price May
Average price per sq.feet May
Number of properties used in Waterford
Number of properties used in region Michigan
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value