The rent prices in real estate in River Forest, in the Illinois region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in River Forest has fallen during the last 6 months. In October, the average price per sq.feet was $2.02. In November this price barely changed remaining at $1.98 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2 to $1.94 per sq.feet. The price per sq.feet has fallen 93 % 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 $1.97 to $1.84 during February, and March.
When referring to the price in River Forest (cities), this has fallen in the last 6 months. The average price for October is $2,853. During November the price had a slight fall till $2,478. In the following two months the average price has hardly changed with regard to the previous two months from $2,665.5 to $2,632. During the last two months the average price has fallen greatly compared to the previous four going from $2,648.75 to $2,240, which means a 85 % fall.
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 $1,993 they are 39 % more affordable than the average price for River Forest . The properties with the highest average price have 2 bedrooms, Their price is 19 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,295.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1 / sq.feet, with an average $1.85 / sq.feet price in River Forest. The properties with the most expensive average prices have 2 bedrooms. They are 8 % more expensive than the average followed by properties with 1 bedroom with a price at $1 / sq.feet.
According to average price per property type in River Forest, "" priced at $1,295 is 35 % lower than the average price ($1,993) in this city.