The rent prices in real estate in Melrose Park, 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 Melrose Park has risen strongly during the last 6 months. In July, the average price per sq.feet was $1. In the following month the price per sq.feet rose considerably to $1.48. In the following two months the price per sq.feet has risen 109 %, going from $1.24 to $1.35 per sq.feet. The price per sq.feet has risen 107 % 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 $1.3 to $1.38 during November, and December.
When referring to the price in Melrose Park (cities), this has fallen considerably in the last 6 months. The average price for July is $1,609. During August the price had a considerable fall till $1,217. During the following two months (September, October) the average price fell 86 % 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 88 %, going from $1,313.25 to $1,154.5 in November and December.
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 $1,147 they are 9 % more affordable than the average price for Melrose Park . The properties with the highest average price have 4 bedrooms, Their price is 12 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,267.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.12 / sq.feet, with an average $1.35 / sq.feet price in Melrose Park. The properties with the most expensive average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.22 / sq.feet.
According to average price per property type in Melrose Park, "" priced at $1,287 is 12 % more expensive than the average price ($1,147) in this city.