The rent prices in real estate in Kankakee, 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 Kankakee has risen strongly during the last 6 months. In February, the average price per sq.feet was $1.1. In the following month the price per sq.feet fell to $1. In the following two months the price per sq.feet has practically remained the same, going from $1.05 to $1 per sq.feet. The price per sq.feet has had a considerable rise of 390 % 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 $1.02 to $4 during June, and July.
When referring to the price in Kankakee (cities), this has risen considerably in the last 6 months. The average price during our first sample month during February, is $550. During March the price went through a considerable rise reaching $1,469. During the following two months (April, May) the average price had a considerable rise of 128 % 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 88 %, going from $1,152 to $1,016.5 in June and July.
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 $1,055 they are 48 % more affordable than the average price for Kankakee . The properties with the highest average price have 2 bedrooms, Their price is 45 % more expensive than the average. After that we have properties with 1 bedroom priced at $545.
According to average price per property type in Kankakee, "" priced at $1,530 is 45 % more expensive than the average price ($1,055) in this city.