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 December, the average price per sq.feet was $1.55. In the following month the price per sq.feet rose considerably to $2.72. The price for the following two months in (February, March) had a considerable rise of 135 %. The price per sq.feet has risen 111 % 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 $2.51 to $2.8 during April, and May.
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 December, is $1,559. During January the price went through a considerable rise reaching $2,878. During the following two months (February, March) the average price had a considerable rise of 148 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 119 % during the last two months.
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 $3,202 they are 54 % more affordable than the average price for Geneva . The properties with the highest average price have 2 bedrooms, Their price is 16 % more expensive than the average. After that we have properties with 1 bedroom priced at $2,191.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.71 / sq.feet, with an average $2.88 / sq.feet price in Geneva. The properties with the most expensive average prices have 1 bedroom. They are 12 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.71 / sq.feet.
According to average price per property type in Geneva, "" priced at $1,486 is 54 % lower than the average price ($3,202) in this city.