The average rent price in the Michigan region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.
The price per sq.feet in Michigan has risen considerably in the last 6 months. During October, the average price per sq.feet was $1.36. In November the price barely changed remaining at $1.37 per sq.feet. In the following two months (December, January) the rent price per sq.feet has increased notably to a 154 %. In the last two months, the price has barely changed with regard to the average value for the last 4 months going from an average price per sq.feet of $1.74 to $1.72 during February and March.
When referring to the price in Michigan(region), this has risen in the last 6 months. In the first month sample October the average price is $1,261. In November the price remains at $1,220. The average price for the following two months (December, January) rose from $1,240.5 to $1,379.5. During the last two months the average price has not gone through any changes and has gone from $1,310 to $1,339.5 during February and March.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 23 % cheaper than the average price in Michigan followed by those with 2 with an average price of $1,353. The most expensive properties have 4 bedrooms. They are 28 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,367.
Based on the average price per sq.feet those properties with 3 bedrooms are the most affordable ones with a price of $1.09 / sq.feet being $2.13 / sq.feet the average for Michigan. The properties with the highest average price are those with 1 bedroom. These are 631 % more expensive than the average followed by those with 2 bedrooms with a price of $1.46 / sq.feet.
The graph displaying the average rent price according to the property type shows "" as the most affordable one. With an average cost of $1,371 it is 28 % cheaper than the average in Michigan. This is followed by "House" with a cost of $1,203. The most expensive property type is "Condo" and is 38 % more costly than the average, followed by "Commercial" with a cost of $1,806.
Based upon the average cost per sq.feet the most affordable property type is "Land with a an average price of $1.1 / sq.feet, followed by "House" with a price of $3.01 / sq.feet. "Condo" with an average price of $34.38 / sq.feet is the most expensive type of property followed by "Commercial" at a price of $16.01 / sq.feet.