The rent prices in real estate in Elk Grove Village, 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 Elk Grove Village has risen strongly during the last 6 months. In November, the average price per sq.feet was $1.5. In December this price barely changed remaining at $1.5 per sq.feet. The price for the following two months in (January, February) had a considerable rise of 258 %. The price per sq.feet has had a considerable rise of 486 % 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 $2.69 to $13.06 during March, and April.
When referring to the price in Elk Grove Village (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $1,384. In December This price remains at $1,336. In the following two months the average price has hardly changed with regard to the previous two months from $1,360 to $1,306. 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 $1,333 and $1,384.5 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 $1,448 they are 14 % more affordable than the average price for Elk Grove Village . The properties with the highest average price have 3 bedrooms, Their price is 43 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,513.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.58 / sq.feet, with an average $10.54 / sq.feet price in Elk Grove Village. The properties with the most expensive average prices have 1 bedroom. They are 63 % more expensive than the average followed by properties with 2 bedrooms with a price at $7.81 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,448 it is 12 % more affordable than the average price in Elk Grove Village. "Condo" is seen as the second most affordable property type. The most affordable property is "Condo" followed by "". At a price of $1,270 it is 8 % more affordable 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 $12 / sq.feet. "Condo" at an average price of $12 / sq.feet has the highest price and would be directed at more affluent cities.