Property prices for rent in South Bend (Indiana)
The rent prices in real estate in South Bend, in the Indiana region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in South Bend has risen during the last 6 months. In March, the average price per sq.feet was $1.27. In the following month the price per sq.feet rose considerably to $1.54. In the following two months the price per sq.feet has practically remained the same, going from $1.4 to $1.36 per sq.feet. The price per sq.feet has fallen 90 % 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 $1.38 to $1.24 during July, and August.
When referring to the price in South Bend (cities), there have hardly been any changes in the last 6 months. The rent price in March is $1,173, rising in April till $1,243. In the following two months the average price has hardly changed with regard to the previous two months from $1,208 to $1,169. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,188.5 and $1,208.5 between 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 $1,346 they are 15 % more affordable than the average price for South Bend . The properties with the highest average price have 4 bedrooms, Their price is 112 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,967.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.25 / sq.feet, with an average $1.41 / sq.feet price in South Bend. The properties with the most expensive average prices have 4 bedrooms. They are 20 % more expensive than the average followed by properties with 1 bedroom with a price at $1.65 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,346 it is 2 % more affordable than the average price in South Bend. "Land" is seen as the second most affordable property type. The most expensive property type is "" followed by "Condo". At a price of $2,012 it is 199 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $1.2 / sq.feet followed by "House" priced at $1.5 / sq.feet. "Condo" is the most expensive type of property with a $1.62 / sq.feet value followed by "House" with an average price of $1.5 / sq.feet.
