The rent prices in real estate in Mount Vernon, 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 Mount Vernon has had a strong fall during the last 6 months. In July, the average price per sq.feet was $8.62. In the following month the price per sq.feet fell considerably to $0.81. The price for the following two months in (September, October) had a considerable fall of 17 with regard to the previous two months. The price per sq.feet has had a considerable rise of 290 % 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 $2.76 to $8 during November, and December.
When referring to the price in Mount Vernon (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $592. In August This price remains at $600. In the following two months the average price has hardly changed with regard to the previous two months from $596 to $610.5. 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 $603.25 and $596.5 between November and December.
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 $596 they are 8 % more affordable than the average price for Mount Vernon . The properties with the highest average price have 2 bedrooms, Their price is 10 % more expensive than the average. After that we have properties with 3 bedrooms priced at $612.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $6 / sq.feet, with an average $8 / sq.feet price in Mount Vernon. The properties with the most affordable average prices have 1 bedroom. They are 0 % more affordable than the average followed by properties with 2 bedrooms with a price at $6 / sq.feet.
According to average price per property type in Mount Vernon, "" priced at $612 is 3 % more expensive than the average price ($596) in this city.