The rent prices in real estate in Morton Grove, in the Illinois region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Morton Grove has risen during the last 6 months. In November, the average price per sq.feet was $1.4. In the following month the price per sq.feet rose to $1.51. In the following two months the price per sq.feet has risen 111 %, going from $1.46 to $1.62 per sq.feet. The price per sq.feet has fallen 94 % 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 $1.54 to $1.45 during March, and April.
When referring to the price in Morton Grove (cities), there have hardly been any changes in the last 6 months. The average price for November is $2,269. During December the price had a considerable fall till $1,739. During the following two months (January, February) the price has had an average rise from $2,004 to $2,217.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 135 % during the last two months.
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 $2,660 they are 38 % more affordable than the average price for Morton Grove . The properties with the lowest average price have 4 bedrooms, Their price is 31 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,651.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of $20 / sq.feet, with an average $1.51 / sq.feet price in Morton Grove. The properties with the most expensive average prices have 4 bedrooms. They are 2350 % more expensive than the average followed by properties with 1 bedroom with a price at $20 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,660 it is 31 % more affordable than the average price in Morton Grove. "Farm" is seen as the second most affordable property type. The most affordable property is "Condo" followed by "Farm". At a price of $2,047 it is 9 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Farm" at an average price of $20 / sq.feet followed by "House" priced at $37 / sq.feet. "Condo" is the most expensive type of property with a $47 / sq.feet value followed by "House" with an average price of $37 / sq.feet.