The rent prices in real estate in Champaign, in the Illinois region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Champaign has fallen during the last 6 months. In October, the average price per sq.feet was $1.91. In the following month the price per sq.feet fell to $1.74. In the following two months the price per sq.feet has practically remained the same, going from $1.83 to $1.84 per sq.feet. The price per sq.feet has fallen 93 % 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 $1.83 to $1.71 during February, and March.
When referring to the price in Champaign (cities), this has risen in the last 6 months. In our first sample month during October, the average price is $1,334. In November This price remains at $1,395. In the following two months the average price has hardly changed with regard to the previous two months from $1,364.5 to $1,407. 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 $1,385.75 and $1,402 between February and March.
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 $1,401 they are 17 % more affordable than the average price for Champaign . The properties with the highest average price have 4 bedrooms, Their price is 66 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,699.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.51 / sq.feet, with an average $1.79 / sq.feet price in Champaign. The properties with the most expensive average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 4 bedrooms with a price at $1.85 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,401 it is 32 % more affordable than the average price in Champaign. "Land" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,360 it is 11 % 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 $1.26 / sq.feet followed by "Land" priced at $1.27 / sq.feet. "House" is the most affordable type of property with a $1.78 / sq.feet value followed by "Land" with an average price of $1.27 / sq.feet.