The rent prices in real estate in Midland, in the Ontario region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Midland has risen strongly during the last 6 months. In October, the average price per sq.feet was $3.51. In the following month the price per sq.feet rose considerably to $4.12. In the following two months the price per sq.feet has risen 113 %, going from $3.82 to $4.3 per sq.feet. The price per sq.feet has fallen 94 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $4.06 to $3.82 during February, and March.
When referring to the price in Midland (cities), this has risen in the last 6 months. The rent price in October is $2,343, rising in November till $2,483. During the following two months (December, January) the price has had an average rise from $2,413 to $2,625. Based on an analysis of the first four prices and the last two months the average price has increased 109 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $2,727 they are 47 % more affordable than the average price for Midland . The properties with the highest average price have 2 bedrooms, Their price is 12 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,667.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $3.81 / sq.feet price in Midland. The properties with the most expensive average prices have 4 bedrooms. They are 13916 % more expensive than the average followed by properties with 2 bedrooms with a price at $5.08 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,727 it is 47 % more affordable than the average price in Midland. "Office" is seen as the second most affordable property type. The most affordable property is "Office" followed by "House". At a price of $1,435 it is 33 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Office" at an average price of $379 / sq.feet followed by "House" priced at $534 / sq.feet. "House" is the most expensive type of property with a $534 / sq.feet value followed by "Office" with an average price of $379 / sq.feet.