The rent prices in real estate in Palos Heights, 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 Palos Heights has had a strong fall during the last 6 months. In December, the average price per sq.feet was $58. In the following month the price per sq.feet fell considerably to $49. The price for the following two months in (February, March) had a considerable fall of 11 with regard to the previous two months. The price per sq.feet has had a considerable rise of 136 % 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 $29.75 to $40.5 during April, and May.
When referring to the price in Palos Heights (cities), there have hardly been any changes in the last 6 months. In our first sample month during December, the average price is $1,949. In January This price remains at $2,012. In the following two months the average price has hardly changed with regard to the previous two months from $1,980.5 to $2,033. 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 $2,006.75 and $1,962.5 between April and May.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 1 % more expensive than the average price of $1,962 in Palos Heights. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 1 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 54 % more affordable than the average price of ($26 / sq.feet) in Palos Heights. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 54 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "House" as the most expensive one. At an cost of $1,947 it is 1 % more expensive than the average price in Palos Heights. "" is seen as the second most expensive property type. The most expensive property type is "" followed by "House". At a price of $1,962 it is 20 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "House with an average cost of $26 / sq.feet. "House" with an average price of $26 / sq.feet has the most affordable price and would be directed at less affluent cities.