The rent prices in real estate in Lake Forest, in the Illinois region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Lake Forest has had a strong fall during the last 6 months. In June, the average price per sq.feet was $2.59. In the following month the price per sq.feet fell considerably to $2.17. The price for the following two months in (August, September) fell 93 % with regard to the previous two months. The price per sq.feet has fallen 90 % 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 $2.3 to $2.06 during October, and November.
When referring to the price in Lake Forest (cities), this has risen in the last 6 months. The rent price in June is $3,311, rising in July till $3,582. During the following two months (August, September) the price has had an average rise from $3,446.5 to $3,641. 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 $3,543.75 and $3,692.5 between October and November.
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 $3,598 they are 34 % more affordable than the average price for Lake Forest . The properties with the highest average price have 4 bedrooms, Their price is 34 % more expensive than the average. After that we have properties with 2 bedrooms priced at $3,330.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.32 / sq.feet, with an average $2.11 / sq.feet price in Lake Forest. The properties with the most expensive average prices have 1 bedroom. They are 30 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.5 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $3,598 it is 17 % more affordable than the average price in Lake Forest. "House" is seen as the second most affordable property type. The most affordable property is "" followed by "Townhouse". At a price of $3,297 it is 6 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $2.21 / sq.feet followed by "House" priced at $2.57 / sq.feet. "Townhouse" is the most expensive type of property with a $72 / sq.feet value followed by "House" with an average price of $2.57 / sq.feet.