The rent prices in real estate in Cedar Lake, in the Indiana 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 Cedar Lake has had a strong fall during the last 6 months. In February, the average price per sq.feet was $49. In the following month the price per sq.feet fell considerably to $28. The price for the following two months in (April, May) had a considerable fall of 1 with regard to the previous two months. The price per sq.feet has had a considerable fall of 23 % 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 $19.5 to $4.5 during June, and July.
When referring to the price in Cedar Lake (cities), this has fallen considerably in the last 6 months. The average price for February is $1,690. During March the price had a slight fall till $1,470. During the following two months (April, May) the average price had a considerable fall of 57 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,236.5 and $1,176 between June and July.
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 $1,234 they are 44 % more affordable than the average price for Cedar Lake . The properties with the lowest average price have 2 bedrooms, Their price is 15 % more affordable than the average. After that we have properties with 1 bedroom priced at $692.
According to average price per property type in Cedar Lake, "" priced at $1,051 is 15 % lower than the average price ($1,234) in this city.