Property prices for rent in Merrillville (Indiana)

The rent prices in real estate in Merrillville, in the Indiana region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

Average price last 6 months
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Merrillville has risen strongly during the last 6 months. In January, the average price per sq.feet was $1.43. In the following month the price per sq.feet fell considerably to $1.13. The price for the following two months in (March, April) had a considerable rise of 586 %. The price per sq.feet has had a considerable rise of 200 % 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 $4.39 to $8.76 during May, and June.

Average price

When referring to the price in Merrillville (cities), this has risen considerably in the last 6 months. In our first sample month during January, the average price is $1,119. In February This price remains at $1,115. During the following two months (March, April) the average price had a considerable rise of 269 % 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 $2,062.25 to $1,136.5, which means a 55 % fall.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,229 they are 22 % more affordable than the average price for Merrillville . The properties with the highest average price have 3 bedrooms, Their price is 12 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,058.

With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $4.73 / sq.feet, with an average $8.68 / sq.feet price in Merrillville. The properties with the most expensive average prices have 3 bedrooms. They are 25 % more expensive than the average followed by properties with 1 bedroom with a price at $5.61 / sq.feet.

Price per property type

According to average price per property type in Merrillville, "" priced at $1,058 is 14 % lower than the average price ($1,229) in this city.

Charts data
Average price June
Average price per sq.feet June
Number of properties used in Merrillville
Number of properties used in region Indiana
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value