The rent prices in real estate in Fort Wayne, in the Indiana 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 Fort Wayne has had a strong fall during the last 6 months. In May, the average price per sq.feet was $2.56. In the following month the price per sq.feet fell to $2.31. The price for the following two months in (July, August) fell 92 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 35 % 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 $2.34 to $0.81 during September, and October.
When referring to the price in Fort Wayne (cities), there have hardly been any changes in the last 6 months. In our first sample month during May, the average price is $817. In June This price remains at $808. In the following two months the average price has hardly changed with regard to the previous two months from $812.5 to $825. Based on an analysis of the first four prices and the last two months the average price has increased 106 % during the last two months.
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 $864 they are 30 % more affordable than the average price for Fort Wayne . The properties with the highest average price have 4 bedrooms, Their price is 57 % more expensive than the average. After that we have properties with 3 bedrooms priced at $950.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.69 / sq.feet, with an average $0.81 / sq.feet price in Fort Wayne. The properties with the most expensive average prices have 1 bedroom. They are 27 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.78 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $864 it is 27 % more affordable than the average price in Fort Wayne. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $774 it is 10 % 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 $0.73 / sq.feet followed by "Apartment" priced at $0.94 / sq.feet. "Condo" is the most expensive type of property with a $2 / sq.feet value followed by "Apartment" with an average price of $0.94 / sq.feet.