The rent prices in real estate in East Chicago, 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 East Chicago has had a strong fall during the last 6 months. In November, the average price per sq.feet was $7. In the following month the price per sq.feet fell considerably to . The price for the following two months in (January, February) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has had a considerable fall of 33 % 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 $1.75 to $0.57 during March, and April.
When referring to the price in East Chicago (cities), this has fallen considerably in the last 6 months. The average price for November is $1,650. During December the price had a considerable fall till $665. During the following two months (January, February) the average price had a considerable fall of 56 % 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 $902.75 to $607.5, which means a 67 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $850 they are 37 % more affordable than the average price for East Chicago . The properties with the lowest average price have 1 bedroom, Their price is 28 % more affordable than the average. After that we have properties with 2 bedrooms priced at $537.
According to average price per property type in East Chicago, "" priced at $537 is 37 % lower than the average price ($850) in this city.