The rent prices in real estate in Chicago Ridge, in the Illinois 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 Chicago Ridge has risen strongly during the last 6 months. In July, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to $1.33. The price for the following two months in (September, October) had a considerable rise of 198 %. The price per sq.feet has had a considerable rise of 132 % 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 $0.99 to $1.32 during November, and December.
When referring to the price in Chicago Ridge (cities), this has risen considerably in the last 6 months. The average price during our first sample month during July, is . During August the price went through a considerable rise reaching $1,021. During the following two months (September, October) the average price had a considerable rise of 225 % 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 had a strong increase of 142 % 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 $1,196 they are 23 % more affordable than the average price for Chicago Ridge . The properties with the highest average price have 2 bedrooms, Their price is 10 % more expensive than the average. After that we have properties with 1 bedroom priced at $916.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 1931 % more expensive than the average price of ($26 / sq.feet) in Chicago Ridge. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 1931 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,196 it is 7 % more affordable than the average price in Chicago Ridge. "Condo" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $1,112 it is 10 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "Condo with an average cost of $26 / sq.feet. "Condo" at an average price of $26 / sq.feet has the highest price and would be directed at more affluent cities.