The rent prices in real estate in Lake Station, in the Indiana 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 Station has had a strong fall during the last 6 months. In November, the average price per sq.feet was $1.59. In the following month the price per sq.feet fell considerably to $1. In the following two months the price per sq.feet has practically remained the same, going from $1.29 to $1.35 per sq.feet. The price per sq.feet has had a considerable fall of 64 % 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 $1.32 to $0.84 during March, and April.
When referring to the price in Lake Station (cities), this has risen considerably in the last 6 months. The rent price in November is $1,050, rising in December till $1,148. During the following two months (January, February) the average price had a considerable rise of 129 % 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 increased 111 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,545 they are 47 % more affordable than the average price for Lake Station . The properties with the lowest average price have 1 bedroom, Their price is 16 % more affordable than the average. After that we have properties with 2 bedrooms priced at $815.
With regard to the average prices per sq.feet those properties with 1 bedroom are 2147483647 % more expensive than the average price of ($1 / sq.feet) in Lake Station. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 2147483647 % more expensive than the average value aforementioned.
According to average price per property type in Lake Station, "" priced at $815 is 47 % lower than the average price ($1,545) in this city.