The rent prices in real estate in Westland, in the Michigan region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Westland has had a strong fall during the last 6 months. In July, the average price per sq.feet was $3.69. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (September, October) had a considerable fall of 54 with regard to the previous two months. The price per sq.feet has had a considerable fall of 63 % 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 $1.8 to $1.12 during November, and December.
When referring to the price in Westland (cities), this has risen considerably in the last 6 months. In our first sample month during July, the average price is $897. In August This price remains at $928. During the following two months (September, October) the average price had a considerable rise of 122 % 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 106 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $938 they are 15 % more affordable than the average price for Westland . The properties with the highest average price have 3 bedrooms, Their price is 22 % more expensive than the average. After that we have properties with 2 bedrooms priced at $895.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $0.9 / sq.feet, with an average $0.94 / sq.feet price in Westland. The properties with the most expensive average prices have 1 bedroom. They are 38 % more expensive than the average followed by properties with 3 bedrooms with a price at $1 / sq.feet.
According to average price per property type in Westland, "" priced at $797 is 15 % lower than the average price ($938) in this city.