The rent prices in real estate in Cedar Lake, in the Indiana region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Cedar Lake has risen during the last 6 months. In October, the average price per sq.feet was $1.29. In the following month the price per sq.feet rose to $1.46. In the following two months the price per sq.feet has risen 115 %, going from $1.38 to $1.58 per sq.feet. The price per sq.feet has fallen 92 % 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 $1.48 to $1.35 during February, and March.
When referring to the price in Cedar Lake (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $1,977. During November the price went through a considerable rise reaching $2,284. During the following two months (December, January) the average price had a considerable rise of 128 % 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 $2,431 to $1,891.5, which means a 78 % 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 $1,661 they are 60 % more affordable than the average price for Cedar Lake . The properties with the lowest average price have 2 bedrooms, Their price is 39 % more affordable than the average. After that we have properties with 1 bedroom priced at $670.
According to average price per property type in Cedar Lake, "" priced at $1,007 is 39 % lower than the average price ($1,661) in this city.