The average rent price in the Michigan region has remained at pretty much the same value in recent months. Rent prices in this region have remained pretty much the same.
The price per sq.feet in Michigan has barely changed in the last 6 months. During February, the average price per sq.feet was $1.23. In March the price barely changed remaining at $1.2 per sq.feet. The price per sq.feet for the following two months barely changed going from $1.22 to $1.24 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 $1.23 to $1.26 during June and July.
When referring to the price in Michigan(region), this has risen in the last 6 months. In the first month sample February the average price is $1,151. In March the price remains at $1,100. The average price for the following two months (April, May) rose from $1,125.5 to $1,219.5. During the last two months the price has had a considerable rise of 117 % with respect to the previous four months going from $1,172.5 a $1,375.
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 14 % cheaper than the average price in Michigan followed by those with 2 with an average price of $1,404. The most expensive properties have 4 bedrooms. They are 51 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,525.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $1.05 / sq.feet being $1.38 / sq.feet the average for Michigan. The properties with the highest average price are those with 1 bedroom. These are 31 % more expensive than the average followed by those with 2 bedrooms with a price of $1.33 / 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 $1,419 it is 31 % cheaper than the average in Michigan. This is followed by "House" with a cost of $1,241. The most expensive property type is "Commercial" and is 151 % more costly than the average, followed by "Land" 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 $1.11 / sq.feet, followed by "Condo" with a price of $1.56 / sq.feet. "Commercial" with an average price of $9 / sq.feet is the most expensive type of property followed by "House" at a price of $4.74 / sq.feet.