The rent prices in real estate in North Chicago, in the Illinois region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in North Chicago has risen strongly during the last 6 months. In November, the average price per sq.feet was $1. In the following month the price per sq.feet rose considerably to $1.23. In the following two months the price per sq.feet has risen 109 %, going from $1.12 to $1.22 per sq.feet. The price per sq.feet has fallen 94 % 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 $1.16 to $1.1 during March, and April.
When referring to the price in North Chicago (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $1,221. In December This price remains at $1,225. In the following two months the average price has hardly changed with regard to the previous two months from $1,223 to $1,271. Based on an analysis of the first four prices and the last two months the average price has increased 105 % 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 $1,050 they are 6 % more affordable than the average price for North Chicago . The properties with the lowest average price have 4 bedrooms, Their price is 6 % more affordable than the average. After that we have properties with 1 bedroom priced at $984.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,050 it is 3 % more affordable than the average price in North Chicago. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "". At a price of $1,019 it is 2 % more affordable than the average price.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $3 / sq.feet. "House" at an average price of $3 / sq.feet has the highest price and would be directed at more affluent cities.