The rent prices in real estate in Homewood, 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 Homewood has risen strongly during the last 6 months. In January, the average price per sq.feet was $1.34. In the following month the price per sq.feet rose to $1.52. The price for the following two months in (March, April) had a considerable rise of 2058 %. The price per sq.feet has had a considerable rise of 476 % 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 $15.43 to $73.39 during May, and June.
When referring to the price in Homewood (cities), this has risen in the last 6 months. The average price during our first sample month during January, is $1,383. During February the price went through a considerable rise reaching $1,815. During the following two months (March, April) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $1,550.25 to $1,433 in May and June.
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 $1,573 they are 31 % more affordable than the average price for Homewood . The properties with the highest average price have 3 bedrooms, Their price is 1 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,420.
With regard to the average prices per sq.feet those properties with 1 bedroom are 98 % more affordable than the average price of ($1 / sq.feet) in Homewood. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 98 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,573 it is 17 % more affordable than the average price in Homewood. "Condo" is seen as the second most affordable property type. The most affordable property is "" followed by "Condo". At a price of $1,311 it is 10 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $3 / sq.feet followed by "Condo" priced at $8 / sq.feet. "Condo" is the most affordable type of property with a $8 / sq.feet value followed by "Townhouse" with an average price of $3 / sq.feet.