The rent prices in real estate in Mchenry, 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 Mchenry has risen strongly during the last 6 months. In May, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to $1.16. The price for the following two months in (July, August) had a considerable rise of 198 %. The price per sq.feet has had a considerable rise of 137 % 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 $0.87 to $1.18 during September, and October.
When referring to the price in Mchenry (cities), this has fallen considerably in the last 6 months. The average price for May is $2,029. During June the price had a considerable fall till $1,517. During the following two months (July, August) the average price had a considerable fall of 82 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,617.75 to $1,207.5, which means a 75 % fall.
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 $1,290 they are 25 % more affordable than the average price for Mchenry . The properties with the highest average price have 3 bedrooms, Their price is 51 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,229.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.85 / sq.feet, with an average $1.15 / sq.feet price in Mchenry. The properties with the most expensive average prices have 1 bedroom. They are 29 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.11 / sq.feet.
According to average price per property type in Mchenry, "" priced at $1,220 is 5 % lower than the average price ($1,290) in this city.