The rent prices in real estate in Vernon Hills, in the Illinois 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 Vernon Hills has risen during the last 6 months. In March, the average price per sq.feet was $2.02. In the following month the price per sq.feet fell to $1.89. In the following two months the price per sq.feet has practically remained the same, going from $1.96 to $1.95 per sq.feet. The price per sq.feet has had a considerable rise of 139 % 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 $1.95 to $2.71 during July, and August.
When referring to the price in Vernon Hills (cities), there have hardly been any changes in the last 6 months. In our first sample month during March, the average price is $2,088. In April This price remains at $2,012. In the following two months the average price has hardly changed with regard to the previous two months from $2,050 to $1,977. 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 $2,013.5 and $1,998 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 $2,064 they are 24 % more affordable than the average price for Vernon Hills . The properties with the highest average price have 3 bedrooms, Their price is 16 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,235.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.5 / sq.feet, with an average $3.42 / sq.feet price in Vernon Hills. The properties with the most expensive average prices have 2 bedrooms. They are 1396 % more expensive than the average followed by properties with 1 bedroom with a price at $26.57 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most expensive one. At an cost of $2,064 it is 6 % more expensive than the average price in Vernon Hills. "" is seen as the second most expensive property type. The most expensive property type is "Townhouse" followed by "". At a price of $2,235 it is 27 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $41 / sq.feet followed by "Townhouse" priced at $46 / sq.feet. "Townhouse" is the most expensive type of property with a $46 / sq.feet value followed by "Condo" with an average price of $41 / sq.feet.