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 December, the average price per sq.feet was $1.01. In January this price barely changed remaining at $1.03 per sq.feet. The price for the following two months in (February, March) had a considerable rise of 116 %. The price per sq.feet has had a considerable rise of 123 % 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 $1.1 to $1.35 during April, and May.
When referring to the price in Indianapolis (cities), this has risen in the last 6 months. In our first sample month during December, the average price is $1,057. In January This price remains at $1,075. In the following two months the average price has hardly changed with regard to the previous two months from $1,066 to $1,116.5. Based on an analysis of the first four prices and the last two months the average price has increased 110 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $1,305 they are 10 % more affordable than the average price for Indianapolis . The properties with the highest average price have 4 bedrooms, Their price is 9 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,338.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.82 / sq.feet, with an average $1.44 / sq.feet price in Indianapolis. The properties with the most expensive average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.24 / sq.feet.
The graph displaying the average rent prices displays the property type "Villa" as the most affordable one. At an cost of $1,305 it is 43 % more affordable than the average price in Indianapolis. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,219 it is 4 % 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 $0.88 / sq.feet followed by "House" priced at $1.67 / sq.feet. "Villa" is the most expensive type of property with a $11 / sq.feet value followed by "House" with an average price of $1.67 / sq.feet.