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 October, the average price per sq.feet was $2.11. In the following month the price per sq.feet rose considerably to $4.5. The price for the following two months in (December, January) had a considerable fall of 78 with regard to the previous two months. The price per sq.feet has had a considerable fall of 62 % 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 $2.94 to $1.84 during February, and March.
When referring to the price in Bedford Park (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $2,009. During November the price went through a considerable rise reaching $4,318. During the following two months (December, January) the average price had a considerable fall of 83 % 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 $2,894.25 to $1,861, which means a 64 % 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 $1,854 they are 44 % more affordable than the average price for Bedford Park . The properties with the highest average price have 4 bedrooms, Their price is 56 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,298.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.5 / sq.feet, with an average $1.84 / sq.feet price in Bedford Park. The properties with the most expensive average prices have 4 bedrooms. They are 18 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.92 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,854 it is 58 % more affordable than the average price in Bedford Park. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,530 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $1.07 / sq.feet followed by "House" priced at $1.84 / sq.feet. "Condo" is the most expensive type of property with a $1.99 / sq.feet value followed by "House" with an average price of $1.84 / sq.feet.