The rent prices in real estate in Elgin, 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 Elgin has fallen during the last 6 months. In April, the average price per sq.feet was $1.52. In May this price barely changed remaining at $1.53 per sq.feet. The price for the following two months in (June, July) fell 89 % with regard to the previous two months. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $1.44 to $1.4 during August y September
When referring to the price in Elgin (cities), this has risen in the last 6 months. The rent price in April is $1,236, rising in May till $1,373. In the following two months the average price has hardly changed with regard to the previous two months from $1,304.5 to $1,314. 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 $1,309.25 and $1,350 between August and September.
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 $1,392 they are 21 % more affordable than the average price for Elgin . The properties with the highest average price have 4 bedrooms, Their price is 150 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,665.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.97 / sq.feet, with an average $1.36 / sq.feet price in Elgin. The properties with the most expensive average prices have 4 bedrooms. They are 27 % more expensive than the average followed by properties with 1 bedroom with a price at $1.54 / sq.feet.
The graph displaying the average rent prices displays the property type "Detached House" as the most affordable one. At an cost of $1,392 it is 28 % more affordable than the average price in Elgin. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $1,447 it is 12 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Detached House" at an average price of $1 / sq.feet followed by "Condo" priced at $1.11 / sq.feet. "Townhouse" is the most expensive type of property with a $1.52 / sq.feet value followed by "House" with an average price of $1.38 / sq.feet.