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 October, the average price per sq.feet was $2.54. In the following month the price per sq.feet fell considerably to $2.15. The price for the following two months in (December, January) fell 88 % with regard to the previous two months. The price per sq.feet has fallen 92 % 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 $2.2 to $2.04 during February, and March.
When referring to the price in Morris (cities), this has fallen considerably in the last 6 months. The average price for October is $3,358. During November the price had a considerable fall till $2,822. During the following two months (December, January) the average price fell 91 % 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 $2,944.75 to $2,461.5, which means a 84 % 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 $2,275 they are 55 % more affordable than the average price for Morris . The properties with the highest average price have 2 bedrooms, Their price is 21 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,103.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 49 % more affordable than the average price of ($1 / sq.feet) in Morris. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 49 % more affordable than the average value aforementioned.
According to average price per property type in Morris, "" priced at $1,103 is 52 % lower than the average price ($2,275) in this city.