The rent prices in real estate in Elgin, in the Illinois 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 Elgin has risen during the last 6 months. In November, the average price per sq.feet was $1.39. In December this price barely changed remaining at $1.36 per sq.feet. In the following two months the price per sq.feet has risen 109 %, going from $1.38 to $1.5 per sq.feet. The price per sq.feet has risen 110 % 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 $1.44 to $1.59 during March, and April.
When referring to the price in Elgin (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $1,414. In December This price remains at $1,358. In the following two months the average price has hardly changed with regard to the previous two months from $1,386 to $1,341. 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 $1,363.5 and $1,390 between March and April.
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 $1,375 they are 12 % more affordable than the average price for Elgin . The properties with the highest average price have 4 bedrooms, Their price is 129 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,688.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.57 / sq.feet price in Elgin. The properties with the most expensive average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.58 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,375 it is 26 % more affordable than the average price in Elgin. "Condo" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "". At a price of $1,697 it is 44 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "House with an average cost of $1 / sq.feet. "House" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.