The average rent price in the Misamis Oriental region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.
The price per m² in Misamis Oriental has risen considerably in the last 6 months. During October, the average price per m² was ₱ 516.09. In November the price barely changed remaining at ₱ 516.09 per m². In the following two months (December, January) the rent price per m² has increased notably to a 132 %. In the last two months, the price per m² has had a significant rise of 116 %. This has been obtained by comparing the price of ₱ 598.06 for the first four months of the sample with regard to the previous 4 months and the price of ₱ 694.26 per m² for the last two months (February, March).
When referring to the price in Misamis Oriental(region), this has risen considerably in the last 6 months. In the first month sample October the average price is ₱ 25,800. In November the price remains at ₱ 25,800. The price in the following months (December, January) had a strong rise of 175 % going from ₱ 25,800 to ₱ 45,150. During the last two months the price has gone down 93 % compared to the previous average values going from ₱ 35,475 a ₱ 32,941.5 in February y March.
The graph displaying the the average rent price per number of bedrooms shows that those with 2 bedrooms are the most affordable ones. They are 19 % cheaper than the average price in Misamis Oriental followed by those with 1 with an average price of ₱ 18,112. The most expensive properties have 4 bedrooms. They are 20 % more expensive than the average followed by those properties with 3 bedrooms priced at ₱ 23,775.
Based on the average price per m² those properties with 2 bedrooms are the most affordable ones with a price of ₱ 229 / m² being ₱ 675.13 / m² the average for Misamis Oriental. The properties with the lowest average price are those with 1 bedroom. These are 19 % more affordable than the average followed by those with 3 bedrooms with a price of ₱ 275 / m².
The graph displaying the average rent price according to the property type shows "Condominium" as the most affordable one. With an average cost of ₱ 20,216 it is 34 % cheaper than the average in Misamis Oriental. This is followed by "House" with a cost of ₱ 19,982. The most expensive property type is "Townhouse" and is 166 % more costly than the average, followed by "Commercial Lot" with a cost of ₱ 23,115.
Based upon the average cost per m² the most affordable property type is "Condominium with a an average price of ₱ 209 / m², followed by "Lot" with a price of ₱ 216 / m². "House" with an average price of ₱ 784 / m² is the most expensive type of property followed by "Commercial Lot" at a price of ₱ 336 / m².
