The rent prices in real estate in Elk Grove Village, in the Illinois 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 Elk Grove Village has had a strong fall during the last 6 months. In July, the average price per sq.feet was $9.23. In the following month the price per sq.feet fell considerably to $5.16. The price for the following two months in (September, October) had a considerable fall of 21 with regard to the previous two months. The price per sq.feet has had a considerable fall of 34 % 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 $4.36 to $1.48 during November, and December.
When referring to the price in Elk Grove Village (cities), there have hardly been any changes in the last 6 months. The rent price in July is $1,323, rising in August till $1,407. In the following two months the average price has hardly changed with regard to the previous two months from $1,365 to $1,317.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $1,341.25 to $1,253.5 in November and December.
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 $1,266 they are 18 % more affordable than the average price for Elk Grove Village . The properties with the highest average price have 3 bedrooms, Their price is 33 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,346.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.21 / sq.feet, with an average $1.47 / sq.feet price in Elk Grove Village. The properties with the most expensive average prices have 4 bedrooms. They are 2077 % more expensive than the average followed by properties with 1 bedroom with a price at $1.52 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most expensive one. At an cost of $1,266 it is 6 % more expensive than the average price in Elk Grove Village. "House" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Condo". At a price of $1,338 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $18 / sq.feet followed by "House" priced at $32 / sq.feet. "House" is the most expensive type of property with a $32 / sq.feet value followed by "Condo" with an average price of $18 / sq.feet.