The rent prices in real estate in Kokomo, 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 Kokomo has risen strongly during the last 6 months. In December, the average price per sq.feet was $0.97. In the following month the price per sq.feet fell to $0.92. In the following two months the price per sq.feet has practically remained the same, going from $0.94 to $0.96 per sq.feet. The price per sq.feet has had a considerable rise of 248 % 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 $0.95 to $2.37 during April, and May.
When referring to the price in Kokomo (cities), there have hardly been any changes in the last 6 months. In our first sample month during December, the average price is $693. In January This price remains at $675. In the following two months the average price has hardly changed with regard to the previous two months from $684 to $705.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $694.75 and $696.5 between April and May.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $708 they are 29 % more affordable than the average price for Kokomo . The properties with the highest average price have 3 bedrooms, Their price is 14 % more expensive than the average. After that we have properties with 1 bedroom priced at $715.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.31 / sq.feet, with an average $2.89 / sq.feet price in Kokomo. The properties with the most expensive average prices have 1 bedroom. They are 123 % more expensive than the average followed by properties with 3 bedrooms with a price at $3.53 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $708 it is 7 % more affordable than the average price in Kokomo. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Apartment". At a price of $687 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $0.57 / sq.feet followed by "Apartment" priced at $2.25 / sq.feet. "Condo" is the most expensive type of property with a $8.14 / sq.feet value followed by "Apartment" with an average price of $2.25 / sq.feet.