The rent prices in real estate in Shelbyville, in the Indiana 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 Shelbyville has fallen during the last 6 months. In October, the average price per sq.feet was $1.17. In November this price barely changed remaining at $1.14 per sq.feet. The price for the following two months in (December, January) fell 90 % with regard to the previous two months. The price per sq.feet has fallen 91 % 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 $1.1 to $1 during February, and March.
When referring to the price in Shelbyville (cities), there have hardly been any changes in the last 6 months. The average price for October is $1,116. During November the price had a slight fall till $1,050. In the following two months the average price has hardly changed with regard to the previous two months from $1,083 to $1,084.5. Based on an analysis of the first four prices and the last two months the average price has increased 106 % during the last two months.
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 $1,268 they are 30 % more affordable than the average price for Shelbyville . The properties with the highest average price have 3 bedrooms, Their price is 37 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,344.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $0.75 / sq.feet, with an average $0.99 / sq.feet price in Shelbyville. The properties with the most expensive average prices have 1 bedroom. They are 20 % more expensive than the average followed by properties with 3 bedrooms with a price at $0.97 / sq.feet.
According to average price per property type in Shelbyville, "" priced at $1,100 is 13 % lower than the average price ($1,268) in this city.