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 October, the average price per sq.feet was $1.67. In the following month the price per sq.feet rose to $1.78. The price for the following two months in (December, January) had a considerable fall of 73 with regard to the previous two months. 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 $1.49 to $1.35 during February, and March.
When referring to the price in West Chicago (cities), there have hardly been any changes in the last 6 months. The average price for October is $1,228. During November the price had a slight fall till $1,156. During the following two months (December, January) the average price had a considerable rise of 128 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,357.75 to $1,068.5, which means a 79 % fall.
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 $1,164 they are 15 % more affordable than the average price for West Chicago . The properties with the highest average price have 3 bedrooms, Their price is 48 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,120.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.35 / sq.feet price in West Chicago. The properties with the most expensive average prices have 3 bedrooms. They are 4567 % more expensive than the average followed by properties with 1 bedroom with a price at $1.41 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most expensive one. At an cost of $1,164 it is 47 % more expensive than the average price in West Chicago. "House" is seen as the second most expensive property type. The most expensive property type is "House" followed by "". At a price of $1,711 it is 48 % more expensive 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 $63 / sq.feet. "House" at an average price of $63 / sq.feet has the highest price and would be directed at more affluent cities.