The rent prices in real estate in Oak Lawn, 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 Oak Lawn has had a strong fall during the last 6 months. In October, the average price per sq.feet was $2.23. In the following month the price per sq.feet fell to $2.06. The price for the following two months in (December, January) fell 87 % with regard to the previous two months. The price per sq.feet has fallen 87 % 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 to $1.75 during February, and March.
When referring to the price in Oak Lawn (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,889. In November This price remains at $1,963. During the following two months (December, January) the price has had an average rise from $1,926 to $2,044. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $1,985 to $1,861 in February and March.
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 $1,739 they are 24 % more affordable than the average price for Oak Lawn . The properties with the highest average price have 4 bedrooms, Their price is 29 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,151.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.69 / sq.feet, with an average $1.75 / sq.feet price in Oak Lawn. The properties with the most expensive average prices have 3 bedrooms. They are 6 % more expensive than the average followed by properties with 1 bedroom with a price at $1.72 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,739 it is 12 % more affordable than the average price in Oak Lawn. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,695 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $1.66 / sq.feet followed by "House" priced at $1.82 / sq.feet. "Condo" is the most expensive type of property with a $2.3 / sq.feet value followed by "House" with an average price of $1.82 / sq.feet.