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 December, the average price per sq.feet was $1.48. In January the price barely changed remaining at $1.42 per sq.feet. The following two months (February, March) went through a fall of 94 % in the rent price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has risen 106 %. This has been obtained by comparing the price $1.41 for the first four months of the sample with regard to the previous 4 months and the price $1.49 per sq.feet for the last two months (April, May).
When referring to the price in Michigan(region), there have hardly been any changes in the last 6 months. In the first month sample December the average price is $1,455. In January the price remains at $1,499. The average price for the following two months (February, March) fell 86 % compared to the previous two. During the last two months the price has gone up 106 % compared to the previous average values going from $1,373.75 a $1,450.5 in April y May.
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 21 % cheaper than the average price in Michigan followed by those with 2 with an average price of $1,413. The most expensive properties have 4 bedrooms. They are 85 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,653.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $1.22 / sq.feet being $1.51 / sq.feet the average for Michigan. The properties with the highest average price are those with 1 bedroom. These are 5 % more expensive than the average followed by those with 2 bedrooms with a price of $1.4 / sq.feet.
The graph displaying the average rent price according to the property type shows "Apartment" as the most affordable one. With an average cost of $1,301 it is 19 % cheaper than the average in Michigan. This is followed by "House" with a cost of $1,205. The most expensive property type is "Commercial" and is 69 % more costly than the average, followed by "Land" with a cost of $1,768.
Based upon the average cost per sq.feet the most affordable property type is "Apartment with a an average price of $0.98 / sq.feet, followed by "Detached House" with a price of $1.32 / sq.feet. "Land" with an average price of $1.54 / sq.feet is the most expensive type of property followed by "House" at a price of $1.48 / sq.feet.
