The rent prices in real estate in South Bend, in the Indiana 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 South Bend has risen strongly during the last 6 months. In May, the average price per sq.feet was $1.2. In the following month the price per sq.feet rose to $1.27. In the following two months the price per sq.feet has risen 110 %, going from $1.24 to $1.36 per sq.feet. The price per sq.feet has had a considerable rise of 141 % 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 $1.3 to $1.83 during September, and October.
When referring to the price in South Bend (cities), this has risen considerably in the last 6 months. In our first sample month during May, the average price is $936. In June This price remains at $937. During the following two months (July, August) the average price had a considerable rise of 147 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 146 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,646 they are 5 % more affordable than the average price for South Bend . The properties with the highest average price have 3 bedrooms, Their price is 32 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,731.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.26 / sq.feet, with an average $1.8 / sq.feet price in South Bend. The properties with the most expensive average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.61 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,646 it is 35 % more affordable than the average price in South Bend. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "". At a price of $1,072 it is 0 % more affordable than the average price.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $1.88 / sq.feet. "House" at an average price of $1.88 / sq.feet has the highest price and would be directed at more affluent cities.