The rent prices in real estate in Fort Wayne, in the Indiana 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 Fort Wayne has risen strongly during the last 6 months. In July, the average price per sq.feet was $5.81. In the following month the price per sq.feet rose considerably to $25.64. The price for the following two months in (September, October) had a considerable fall of 67 with regard to the previous two months. The price per sq.feet has had a considerable fall of 8 % 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 $13.16 to $1.01 during November, and December.
When referring to the price in Fort Wayne (cities), this has fallen considerably in the last 6 months. The average price for July is $6,183. During August the price had a considerable fall till $2,169. During the following two months (September, October) the average price had a considerable fall of 24 % 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 $2,589.75 to $1,021.5, which means a 39 % fall.
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 $1,082 they are 32 % more affordable than the average price for Fort Wayne . The properties with the highest average price have 4 bedrooms, Their price is 80 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,346.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $0.96 / sq.feet, with an average $1.06 / sq.feet price in Fort Wayne. The properties with the most expensive average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 4 bedrooms with a price at $1.02 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,082 it is 31 % more affordable than the average price in Fort Wayne. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,121 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $0.91 / sq.feet followed by "Condo" priced at $0.93 / sq.feet. "Apartment" is the most expensive type of property with a $1.25 / sq.feet value followed by "Condo" with an average price of $0.93 / sq.feet.