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.
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.
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.
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.
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.