Property prices for rent in Griffith (Indiana)
The rent prices in real estate in Griffith, in the Indiana region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Griffith has fallen during the last 6 months. In October, the average price per sq.feet was $1.65. In November this price barely changed remaining at $1.65 per sq.feet. The price for the following two months in (December, January) fell 92 % with regard to the previous two months. The price per sq.feet has fallen 86 % 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 $1.59 to $1.37 during February, and March.
When referring to the price in Griffith (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,358. In November This price remains at $1,355. In the following two months the average price has hardly changed with regard to the previous two months from $1,356.5 to $1,420.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,388.5 and $1,357.5 between February and March.
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 $1,358 they are 22 % more affordable than the average price for Griffith . The properties with the highest average price have 3 bedrooms, Their price is 27 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,294.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.31 / sq.feet, with an average $1.4 / sq.feet price in Griffith. The properties with the most expensive average prices have 2 bedrooms. They are 3 % more expensive than the average followed by properties with 1 bedroom with a price at $1.42 / sq.feet.
According to average price per property type in Griffith, "" priced at $1,059 is 22 % lower than the average price ($1,358) in this city.
