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 July, the average price per sq.feet was $50. In the following month the price per sq.feet fell considerably to $7. The price for the following two months in (September, October) had a considerable fall of 56 with regard to the previous two months. The price per sq.feet has had a considerable rise of 261 % 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 $22.25 to $58 during November, and December.
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 July, the average price is $2,015. In August This price remains at $2,036. In the following two months the average price has hardly changed with regard to the previous two months from $2,025.5 to $2,008. 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 $2,016.75 and $1,949 between November and December.
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 $1,972 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 47 % more affordable than the average price of ($31 / 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 47 % 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 $1,949 it is 1 % more expensive than the average price in Palos Heights. "Commercial Property" is seen as the second most expensive property type. The most expensive property type is "Commercial Property" followed by "House". At a price of $1,972 it is 21 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Commercial Property" at an average price of $4 / sq.feet followed by "House" priced at $31 / sq.feet. "House" is the most affordable type of property with a $31 / sq.feet value followed by "Commercial Property" with an average price of $4 / sq.feet.