The rent prices in real estate in Calumet City, 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 Calumet City has had a strong fall during the last 6 months. In May, the average price per sq.feet was $10.47. In the following month the price per sq.feet fell to $9.61. The price for the following two months in (July, August) had a considerable fall of 58 with regard to the previous two months. The price per sq.feet has had a considerable fall of 14 % 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 $7.93 to $1.14 during September, and October.
When referring to the price in Calumet City (cities), this has risen considerably in the last 6 months. The rent price in May is $1,014, rising in June till $1,065. During the following two months (July, August) the average price had a considerable rise of 119 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 111 % during the last two months.
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 $1,283 they are 39 % more affordable than the average price for Calumet City . The properties with the highest average price have 4 bedrooms, Their price is 24 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,462.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.02 / sq.feet, with an average $1.12 / sq.feet price in Calumet City. The properties with the most expensive average prices have 4 bedrooms. They are 436 % more expensive than the average followed by properties with 1 bedroom with a price at $1.31 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,283 it is 25 % more affordable than the average price in Calumet City. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,057 it is 14 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $7 / sq.feet followed by "Apartment" priced at $8 / sq.feet. "House" is the most expensive type of property with a $10 / sq.feet value followed by "Apartment" with an average price of $8 / sq.feet.