The rent prices in real estate in Mount Prospect, 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 Mount Prospect has risen during the last 6 months. In June, the average price per sq.feet was $1.48. In the following month the price per sq.feet rose to $1.64. In the following two months the price per sq.feet has risen 110 %, going from $1.56 to $1.72 per sq.feet. The price per sq.feet has fallen 90 % 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 $1.64 to $1.48 during October, and November.
When referring to the price in Mount Prospect (cities), there have hardly been any changes in the last 6 months. In our first sample month during June, the average price is $1,456. In July This price remains at $1,423. In the following two months the average price has hardly changed with regard to the previous two months from $1,439.5 to $1,426. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,432.75 and $1,476.5 between October and November.
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 $1,388 they are 23 % more affordable than the average price for Mount Prospect . The properties with the highest average price have 4 bedrooms, Their price is 135 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,048.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.25 / sq.feet, with an average $1.42 / sq.feet price in Mount Prospect. The properties with the most expensive average prices have 1 bedroom. They are 4 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.44 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,388 it is 8 % more affordable than the average price in Mount Prospect. "Townhouse" is seen as the second most affordable property type. The most affordable property is "Townhouse" followed by "". At a price of $1,275 it is 7 % more affordable than the average price.
According to the average area price by sq.feet the most expensive property type is "Townhouse with an average cost of $56 / sq.feet. "Townhouse" at an average price of $56 / sq.feet has the highest price and would be directed at more affluent cities.