The rent prices in real estate in Wixom, 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 Wixom has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.28. In November this price barely changed remaining at $1.23 per sq.feet. The price for the following two months in (December, January) fell 88 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 42 % 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 $1.18 to $0.5 during February, and March.
When referring to the price in Wixom (cities), this has risen considerably in the last 6 months. The rent price in October is $1,143, rising in November till $1,303. During the following two months (December, January) the average price had a considerable rise of 155 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,560 to $1,056, which means a 68 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $1,334 they are 43 % more affordable than the average price for Wixom . The properties with the highest average price have 2 bedrooms, Their price is 46 % more expensive than the average. After that we have properties with 4 bedrooms priced at $820.
According to average price per property type in Wixom, "" priced at $820 is 39 % lower than the average price ($1,334) in this city.