The rent prices in real estate in Merrillville, 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 Merrillville has had a strong fall during the last 6 months. In April, the average price per sq.feet was $1.12. In the following month the price per sq.feet fell to $1. The price for the following two months in (June, July) fell 95 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 55 % 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 $1.03 to $0.57 during August, and September.
When referring to the price in Merrillville (cities), this has fallen in the last 6 months. The average price for April is $1,204. During May the price had a considerable fall till $1,005. During the following two months (June, July) the average price fell 90 % 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 1 bedroom are the most affordable ones. At a price of $1,011 they are 15 % more affordable than the average price for Merrillville . The properties with the highest average price have 4 bedrooms, Their price is 60 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,339.
According to average price per property type in Merrillville, "" priced at $968 is 4 % lower than the average price ($1,011) in this city.