Property prices for rent in Michigan region
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 October, the average price per sq.feet was $1.39. The following month (November) the price rose to $1.51 per sq.feet. The price per sq.feet for the following two months barely changed going from $1.45 to $1.41 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 $1.43 to $1.39 during February and March.
When referring to the price in Michigan(region), this has risen in the last 6 months. The average rent price in October is $1,325. In November the price rose to $1,473. The average price for the following two months (December, January) rose from $1,399 to $1,537.5. During the last two months the average price has not gone through any changes and has gone from $1,468.25 to $1,453.5 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 20 % cheaper than the average price in Michigan followed by those with 2 with an average price of $1,383. The most expensive properties have 4 bedrooms. They are 72 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,689.
Based on the average price per sq.feet those properties with 3 bedrooms are the most affordable ones with a price of $1.29 / sq.feet being $1.45 / 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 $1,402 it is 22 % cheaper than the average in Michigan. This is followed by "Apartment" with a cost of $1,204. The most expensive property type is "Condo" and is 32 % more costly than the average, followed by "Land" with a cost of $1,501.
Based upon the average cost per sq.feet the most affordable property type is "Townhouse with a an average price of $1 / sq.feet, followed by "Commercial" with a price of $1.03 / sq.feet. "Condo" with an average price of $1.69 / sq.feet is the most expensive type of property followed by "House" at a price of $1.55 / sq.feet.
