The rent prices in real estate in Schiller Park, 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 Schiller Park has had a strong fall during the last 6 months. In March, the average price per sq.feet was $1.81. In the following month the price per sq.feet rose to $1.95. The price for the following two months in (May, June) fell 90 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 56 % 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 $1.79 to $1 during July, and August.
When referring to the price in Schiller Park (cities), this has risen considerably in the last 6 months. The average price during our first sample month during March, is $1,458. During April the price went through a considerable rise reaching $1,810. During the following two months (May, June) the average price had a considerable rise of 121 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 88 %, going from $1,803.25 to $1,595.5 in July and August.
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 $1,508 they are 14 % more affordable than the average price for Schiller Park . The properties with the highest average price have 2 bedrooms, Their price is 18 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,504.
According to average price per property type in Schiller Park, "" priced at $1,411 is 6 % lower than the average price ($1,508) in this city.