The rent prices in real estate in West Chicago, in the Illinois 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 West Chicago has risen strongly during the last 6 months. In April, the average price per sq.feet was $1. In May this price barely changed remaining at $1 per sq.feet. The price for the following two months in (June, July) had a considerable rise of 2839 %. The price per sq.feet has had a considerable fall of 5 % 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 $14.69 to $0.68 during August, and September.
When referring to the price in West Chicago (cities), this has risen considerably in the last 6 months. The average price during our first sample month during April, is $1,841. During May the price went through a considerable rise reaching $2,210. In the following two months the average price has hardly changed with regard to the previous two months from $2,025.5 to $2,110. Based on an analysis of the first four prices and the last two months the average price has increased 111 % 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 $1,893 they are 54 % more affordable than the average price for West Chicago . The properties with the lowest average price have 2 bedrooms, Their price is 8 % more affordable than the average. After that we have properties with 1 bedroom priced at $869.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 5011 % more expensive than the average price of ($69 / sq.feet) in West Chicago. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 5011 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,893 it is 9 % more affordable than the average price in West Chicago. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "". At a price of $1,723 it is 8 % 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 $69 / sq.feet. "House" at an average price of $69 / sq.feet has the highest price and would be directed at more affluent cities.