The rent prices in real estate in Gary, in the Indiana 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 Gary has risen during the last 6 months. In July, the average price per sq.feet was $0.83. In August this price barely changed remaining at $0.81 per sq.feet. The price for the following two months in (September, October) had a considerable rise of 119 %. 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 $0.9 to $0.99 during November, and December.
When referring to the price in Gary (cities), this has risen in the last 6 months. In our first sample month during July, the average price is $800. In August This price remains at $783. In the following two months the average price has hardly changed with regard to the previous two months from $791.5 to $823. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 124 % 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 $1,085 they are 48 % more affordable than the average price for Gary . The properties with the lowest average price have 4 bedrooms, Their price is 20 % more affordable than the average. After that we have properties with 3 bedrooms priced at $845.
According to average price per property type in Gary, "" priced at $1,257 is 16 % more expensive than the average price ($1,085) in this city.