Property prices for rent in Morris (Illinois)
The rent prices in real estate in Morris, in the Illinois 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 Morris has had a strong fall during the last 6 months. In April, the average price per sq.feet was $6. In the following month the price per sq.feet fell considerably to $1.39. The price for the following two months in (June, July) had a considerable fall of 27 with regard to the previous two months. The price per sq.feet has had a considerable fall of 56 % 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 $2.35 to $1.32 during August, and September.
When referring to the price in Morris (cities), this has risen in the last 6 months. The average price during our first sample month during April, is $986. During May the price went through a considerable rise reaching $1,200. During the following two months (June, July) the average price had a considerable rise of 118 % 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 $1,193.25 to $789.5, which means a 66 % fall.
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 $824 they are 0 % more affordable than the average price for Morris . The properties with the highest average price have 2 bedrooms, Their price is 42 % more expensive than the average. After that we have properties with 1 bedroom priced at $824.
With regard to the average prices per sq.feet those properties with 1 bedroom are 0 % more affordable than the average price of ($1.39 / sq.feet) in Morris. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 0 % more affordable than the average value aforementioned.
According to average price per property type in Morris, "" priced at $1,167 is 42 % more expensive than the average price ($824) in this city.
