The rent prices in real estate in Geneva, 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 Geneva has risen strongly during the last 6 months. In July, the average price per sq.feet was $1.36. In the following month the price per sq.feet rose considerably to $2.38. The price for the following two months in (September, October) had a considerable rise of 118 %. The price per sq.feet has had a considerable fall of 78 % 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 $2.04 to $1.59 during November, and December.
When referring to the price in Geneva (cities), this has risen considerably in the last 6 months. The average price during our first sample month during July, is $1,430. During August the price went through a considerable rise reaching $2,308. During the following two months (September, October) the average price had a considerable rise of 120 % 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 $2,053.5 to $1,580, which means a 77 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,559 they are 4 % more affordable than the average price for Geneva . The properties with the highest average price have 3 bedrooms, Their price is 14 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,680.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.55 / sq.feet price in Geneva. The properties with the most expensive average prices have 1 bedroom. They are 29 % more expensive than the average followed by properties with 2 bedrooms with a price at $1 / sq.feet.
According to average price per property type in Geneva, "" priced at $1,496 is 4 % lower than the average price ($1,559) in this city.