The rent prices in real estate in West Lafayette, in the Indiana 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 Lafayette has risen strongly during the last 6 months. In November, the average price per sq.feet was $1.24. In the following month the price per sq.feet fell to $1.15. The price for the following two months in (January, February) had a considerable rise of 422 %. The price per sq.feet has had a considerable fall of 51 % 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 $3.12 to $1.58 during March, and April.
When referring to the price in West Lafayette (cities), there have hardly been any changes in the last 6 months. The average price for November is $895. During December the price had a slight fall till $821. During the following two months (January, February) the price has had an average rise from $858 to $910. Based on an analysis of the first four prices and the last two months the average price has increased 107 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $912 they are 22 % more affordable than the average price for West Lafayette . The properties with the highest average price have 1 bedroom, Their price is 14 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,016.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.63 / sq.feet, with an average $1.37 / sq.feet price in West Lafayette. The properties with the most expensive average prices have 1 bedroom. They are 36 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.11 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $912 it is 2 % more affordable than the average price in West Lafayette. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $916 it is 44 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.06 / sq.feet followed by "Apartment" priced at $1.35 / sq.feet. "Apartment" is the most affordable type of property with a $1.35 / sq.feet value followed by "House" with an average price of $1.06 / sq.feet.