The average rent price in the Michigan region has had a slight rise in recent months. There has been a rise in the rent prices in this region.
The price per sq.feet in Michigan has risen in the last 6 months. During September, the average price per sq.feet was $1.3. The following month (October) the price rose to $1.39 per sq.feet. The following two months (November, December) went through a rise of 109 % in the rent price per sq.feet rising from $1.35 to $1.46 per sq.feet. 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 $1.4 to $1.38 during January and February.
When referring to the price in Michigan(region), this has risen in the last 6 months. In the first month sample September the average price is $1,292. In October the price remains at $1,325. The price in the following months (November, December) had a strong rise of 116 % going from $1,308.5 to $1,516.5. During the last two months the price has gone up 107 % compared to the previous average values going from $1,412.5 a $1,510 in January y February.
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 28 % cheaper than the average price in Michigan followed by those with 2 with an average price of $1,389. The most expensive properties have 4 bedrooms. They are 53 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,675.
Based on the average price per sq.feet those properties with 3 bedrooms are the most affordable ones with a price of $1.26 / sq.feet being $1.33 / sq.feet the average for Michigan. The properties with the highest average price are those with 1 bedroom. These are 19 % more expensive than the average followed by those with 2 bedrooms with a price of $1.41 / sq.feet.
The graph displaying the average rent price according to the property type shows "Commercial" as the most affordable one. With an average cost of $1,505 it is 29 % cheaper than the average in Michigan. This is followed by "Apartment" with a cost of $1,284. The most expensive property type is "Detached House" and is 114 % more costly than the average, followed by "Condo" with a cost of $1,800.
Based upon the average cost per sq.feet the most affordable property type is "Commercial with a an average price of $1.04 / sq.feet, followed by "House" with a price of $1.24 / sq.feet. "Detached House" with an average price of $1.72 / sq.feet is the most expensive type of property followed by "Condo" at a price of $1.64 / sq.feet.