The rent prices in real estate in Indianapolis, in the Indiana 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 Indianapolis has risen strongly during the last 6 months. In November, the average price per sq.feet was $8.74. In the following month the price per sq.feet rose considerably to $10.94. The price for the following two months in (January, February) had a considerable rise of 125 %. The price per sq.feet has fallen 87 % 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 $11.07 to $9.68 during March, and April.
When referring to the price in Indianapolis (cities), this has fallen in the last 6 months. In our first sample month during November, the average price is $1,330. In December This price remains at $1,350. During the following two months (January, February) the average price fell 90 % 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 91 %, going from $1,276.25 to $1,155.5 in March and April.
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 $1,174 they are 5 % more affordable than the average price for Indianapolis . The properties with the highest average price have 4 bedrooms, Their price is 29 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,401.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.83 / sq.feet, with an average $5.8 / sq.feet price in Indianapolis. The properties with the most expensive average prices have 2 bedrooms. They are 83 % more expensive than the average followed by properties with 1 bedroom with a price at $6.73 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,174 it is 8 % more affordable than the average price in Indianapolis. "" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $1,352 it is 42 % 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 / sq.feet followed by "House" priced at $1.32 / sq.feet. "Townhouse" is the most expensive type of property with a $109.57 / sq.feet value followed by "House" with an average price of $1.32 / sq.feet.