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 June, the average price per sq.feet was $7. In July this price barely changed remaining at $7 per sq.feet. The price for the following two months in (August, September) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has fallen 86 % 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 $3.5 to $3 during October, and November.
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 June, the average price is $595. In July This price remains at $590. In the following two months the average price has hardly changed with regard to the previous two months from $592.5 to $607. 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 $599.75 and $598 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 $595 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 9 % more expensive than the average. After that we have properties with 3 bedrooms priced at $606.
With regard to the average prices per sq.feet those properties with 1 bedroom are 67 % more affordable than the average price of ($2 / sq.feet) in Mount Vernon. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 67 % more affordable than the average value aforementioned.
According to average price per property type in Mount Vernon, "" priced at $606 is 2 % more expensive than the average price ($595) in this city.