The rent prices in real estate in Arlington Heights, in the Illinois region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Arlington Heights has had a strong fall during the last 6 months. In August, the average price per sq.feet was $9.88. In the following month the price per sq.feet fell considerably to $8. The price for the following two months in (October, November) had a considerable fall of 39 with regard to the previous two months. The price per sq.feet has had a considerable fall of 28 % 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 $6.2 to $1.71 during December, and January.
When referring to the price in Arlington Heights (cities), there have hardly been any changes in the last 6 months. The rent price in August is $1,589, rising in September till $1,737. During the following two months (October, November) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $1,610.5 to $1,475 in December and January.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,479 they are 15 % more affordable than the average price for Arlington Heights . The properties with the highest average price have 4 bedrooms, Their price is 71 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,987.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.52 / sq.feet, with an average $1.72 / sq.feet price in Arlington Heights. The properties with the most expensive average prices have 1 bedroom. They are 2 % more expensive than the average followed by properties with 4 bedrooms with a price at $1.65 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,479 it is 11 % more affordable than the average price in Arlington Heights. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of $1,689 it is 76 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.69 / sq.feet followed by "House" priced at $6.63 / sq.feet. "Townhouse" is the most expensive type of property with a $72 / sq.feet value followed by "Apartment" with an average price of $23 / sq.feet.