The rent prices in real estate in New Lenox, 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 New Lenox has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.79. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (December, January) had a considerable fall of 72 with regard to the previous two months. The price per sq.feet has had a considerable rise of 150 % 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 $1.2 to $1.8 during February, and March.
When referring to the price in New Lenox (cities), there have hardly been any changes in the last 6 months. The average price for October is $1,443. During November the price had a considerable fall till $1,196. In the following two months the average price has hardly changed with regard to the previous two months from $1,319.5 to $1,378. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 128 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 38 % more affordable than the average price of $1,556 in New Lenox. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 38 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 2025 % more expensive than the average price of ($34 / sq.feet) in New Lenox. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 2025 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $2,515 it is 39 % more affordable than the average price in New Lenox. "House" is seen as the second most affordable property type. The most affordable property is "" followed by "Commercial". At a price of $1,619 it is 29 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Commercial" at an average price of $27 / sq.feet followed by "Condo" priced at $29 / sq.feet. "House" is the most expensive type of property with a $34 / sq.feet value followed by "Condo" with an average price of $29 / sq.feet.