The rent prices in real estate in West Chicago, in the Illinois region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in West Chicago has had a strong fall during the last 6 months. In June, the average price per sq.feet was $57. In the following month the price per sq.feet rose considerably to $82. The price for the following two months in (August, September) had a considerable fall of 2 with regard to the previous two months. The price per sq.feet has had a considerable fall of 3 % 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 $35.33 to $1.18 during October, and November.
When referring to the price in West Chicago (cities), this has risen considerably in the last 6 months. The rent price in June is $1,619, rising in July till $1,764. During the following two months (August, September) the average price had a considerable rise of 167 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $2,260 to $2,028 in October and November.
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 $2,213 they are 61 % more affordable than the average price for West Chicago . The properties with the lowest average price have 2 bedrooms, Their price is 21 % more affordable than the average. After that we have properties with 1 bedroom priced at $874.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1 / sq.feet, with an average $1.06 / sq.feet price in West Chicago. The properties with the most expensive average prices have 2 bedrooms. They are 6881 % more expensive than the average followed by properties with 1 bedroom with a price at $1 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $2,213 it is 28 % more affordable than the average price in West Chicago. "" is seen as the second most affordable property type. The most affordable property is "House" followed by "". At a price of $1,743 it is 21 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $48 / sq.feet followed by "House" priced at $74 / sq.feet. "House" is the most expensive type of property with a $74 / sq.feet value followed by "Condo" with an average price of $48 / sq.feet.