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 October, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to $0.92. The price for the following two months in (December, January) had a considerable rise of 216 %. The price per sq.feet has had a considerable rise of 586 % 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 $0.73 to $4.26 during February, and March.
When referring to the price in Indianapolis (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching $876. During the following two months (December, January) the average price had a considerable rise of 214 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 138 % during the last two months.
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 $991 they are 14 % more affordable than the average price for Indianapolis . The properties with the highest average price have 4 bedrooms, Their price is 33 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,244.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.16 / sq.feet, with an average $7.58 / sq.feet price in Indianapolis. The properties with the most expensive average prices have 1 bedroom. They are 57 % more expensive than the average followed by properties with 2 bedrooms with a price at $4.9 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $991 it is 11 % more affordable than the average price in Indianapolis. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $919 it is 11 % 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 $2.28 / sq.feet followed by "House" priced at $11.74 / sq.feet. "House" is the most expensive type of property with a $11.74 / sq.feet value followed by "Condo" with an average price of $2.28 / sq.feet.