The rent prices in real estate in Normal, 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 Normal has risen during the last 6 months. In October, the average price per sq.feet was $1.16. In November this price barely changed remaining at $1.11 per sq.feet. In the following two months the price per sq.feet has risen 111 %, going from $1.13 to $1.26 per sq.feet. The price per sq.feet has risen 110 % 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 $1.32 during February, and March.
When referring to the price in Normal (cities), there have hardly been any changes in the last 6 months. The average price for October is $1,528. During November the price had a slight fall till $1,409. During the following two months (December, January) the price has had an average rise from $1,468.5 to $1,645. Based on an analysis of the first four prices and the last two months the average price has increased 106 % 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 $1,693 they are 29 % more affordable than the average price for Normal . The properties with the highest average price have 4 bedrooms, Their price is 69 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,128.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.28 / sq.feet, with an average $1.34 / sq.feet price in Normal. The properties with the most expensive average prices have 1 bedroom. They are 23 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.34 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,693 it is 1 % more affordable than the average price in Normal. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,863 it is 37 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.28 / sq.feet followed by "Apartment" priced at $1.41 / sq.feet. "Apartment" is the most expensive type of property with a $1.41 / sq.feet value followed by "House" with an average price of $1.28 / sq.feet.