The rent prices in real estate in Hoffman Estates, in the Illinois 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 Hoffman Estates has risen during the last 6 months. In September, the average price per sq.feet was $1.51. In October this price barely changed remaining at $1.54 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.52 to $1.56 per sq.feet. 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 $1.54 to $1.7 during January, and February.
When referring to the price in Hoffman Estates (cities), this has fallen considerably in the last 6 months. The average price for September is $2,753. During October the price had a considerable fall till $1,744. During the following two months (November, December) the average price had a considerable fall of 73 % with regard to the previous two months. 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 $1,939.5 and $1,915.5 between January and February.
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 $1,887 they are 30 % more affordable than the average price for Hoffman Estates . The properties with the highest average price have 4 bedrooms, Their price is 68 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,527.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.1 / sq.feet, with an average $1.75 / sq.feet price in Hoffman Estates. The properties with the most expensive average prices have 1 bedroom. They are 9 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.82 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,887 it is 31 % more affordable than the average price in Hoffman Estates. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,414 it is 50 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.51 / sq.feet followed by "House" priced at $1.95 / sq.feet. "House" is the most expensive type of property with a $1.95 / sq.feet value followed by "Condo" with an average price of $1.51 / sq.feet.