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.