The rent prices in real estate in Carmel, in the Indiana 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 Carmel has risen strongly during the last 6 months. In May, the average price per sq.feet was $1.25. In June this price barely changed remaining at $1.19 per sq.feet. The price for the following two months in (July, August) had a considerable rise of 133 %. The price per sq.feet has had a considerable rise of 120 % 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 $1.42 to $1.7 during September, and October.
When referring to the price in Carmel (cities), this has risen in the last 6 months. In our first sample month during May, the average price is $1,407. In June This price remains at $1,382. In the following two months the average price has hardly changed with regard to the previous two months from $1,394.5 to $1,459.5. Based on an analysis of the first four prices and the last two months the average price has increased 112 % 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 $1,616 they are 32 % more affordable than the average price for Carmel . The properties with the highest average price have 4 bedrooms, Their price is 42 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,975.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.81 / sq.feet, with an average $1.15 / sq.feet price in Carmel. The properties with the most expensive average prices have 1 bedroom. They are 22 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.23 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,616 it is 16 % more affordable than the average price in Carmel. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,810 it is 34 % 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 $0.96 / sq.feet followed by "House" priced at $0.98 / sq.feet. "Apartment" is the most expensive type of property with a $1.31 / sq.feet value followed by "House" with an average price of $0.98 / sq.feet.