The rent prices in real estate in Bedford Park, in the Illinois 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 Bedford Park has risen strongly during the last 6 months. In March, the average price per sq.feet was $1.84. In the following month the price per sq.feet rose to $1.97. The price for the following two months in (May, June) had a considerable rise of 157 %. The price per sq.feet has had a considerable fall of 77 % 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 $2.45 to $1.89 during July, and August.
When referring to the price in Bedford Park (cities), this has risen considerably in the last 6 months. In our first sample month during March, the average price is $1,854. In April This price remains at $1,775. During the following two months (May, June) the average price had a considerable rise of 166 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $2,412.75 to $1,658.5, which means a 69 % fall.
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 $1,655 they are 34 % more affordable than the average price for Bedford Park . The properties with the highest average price have 4 bedrooms, Their price is 26 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,042.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.81 / sq.feet, with an average $1.86 / sq.feet price in Bedford Park. The properties with the most expensive average prices have 1 bedroom. They are 24 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.86 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,655 it is 12 % more affordable than the average price in Bedford Park. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,453 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.79 / sq.feet followed by "Condo" priced at $2.02 / sq.feet. "Condo" is the most expensive type of property with a $2.02 / sq.feet value followed by "House" with an average price of $1.79 / sq.feet.