The rent prices in real estate in Merrillville, in the Indiana region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Merrillville has fallen during the last 6 months. In December, the average price per sq.feet was $1.11. In January this price barely changed remaining at $1.14 per sq.feet. The price for the following two months in (February, March) fell 89 % with regard to the previous two months. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $1.06 to $1.06 during April y May
When referring to the price in Merrillville (cities), this has risen considerably in the last 6 months. In our first sample month during December, the average price is $987. In January This price remains at $974. During the following two months (February, March) the average price had a considerable rise of 128 % with regard to the previous two months. 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 $1,116.25 and $1,104.5 between April and May.
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 $1,005 they are 14 % more affordable than the average price for Merrillville . The properties with the highest average price have 4 bedrooms, Their price is 61 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,347.
According to average price per property type in Merrillville, "" priced at $972 is 3 % lower than the average price ($1,005) in this city.