The rent prices in real estate in Mattoon, 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 Mattoon has had a strong fall during the last 6 months. In November, the average price per sq.feet was $1.14. In the following month the price per sq.feet fell to $0.98. In the following two months the price per sq.feet has practically remained the same, going from $1.06 to $1.03 per sq.feet. The price per sq.feet has had a considerable fall of 79 % 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 $1.05 to $0.83 during March, and April.
When referring to the price in Mattoon (cities), this has fallen considerably in the last 6 months. The average price for November is $1,109. During December the price had a slight fall till $945. During the following two months (January, February) the average price fell 85 % 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 91 %, going from $950 to $863 in March and April.
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 $954 they are 46 % more affordable than the average price for Mattoon . The properties with the highest average price have 1 bedroom, Their price is 5 % more expensive than the average. After that we have properties with 2 bedrooms priced at $982.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $0.88 / sq.feet, with an average $0.88 / sq.feet price in Mattoon. The properties with the most expensive average prices have 2 bedrooms. They are 14 % more expensive than the average followed by properties with 1 bedroom with a price at $0.88 / sq.feet.
According to average price per property type in Mattoon, "" priced at $519 is 46 % lower than the average price ($954) in this city.