The rent prices in real estate in Park Forest, 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 Park Forest has risen strongly during the last 6 months. In November, the average price per sq.feet was $1.11. In the following month the price per sq.feet rose considerably to $10.7. The price for the following two months in (January, February) had a considerable fall of 73 with regard to the previous two months. The price per sq.feet has had a considerable fall of 22 % 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 $5.1 to $1.13 during March, and April.
When referring to the price in Park Forest (cities), there have hardly been any changes in the last 6 months. The rent price in November is $1,190, rising in December till $1,268. In the following two months the average price has hardly changed with regard to the previous two months from $1,229 to $1,283. 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 $1,256 to $1,177.5 in March and April.
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 $1,246 they are 29 % more affordable than the average price for Park Forest . The properties with the highest average price have 3 bedrooms, Their price is 7 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,246.
With regard to the average prices per sq.feet those properties with 1 bedroom are 11 % more affordable than the average price of ($1 / sq.feet) in Park Forest. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 11 % more affordable than the average value aforementioned.
According to average price per property type in Park Forest, "" priced at $1,154 is 7 % lower than the average price ($1,246) in this city.