The rent prices in real estate in West Lafayette, in the Indiana 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 Lafayette has had a strong fall during the last 6 months. In June, the average price per sq.feet was $14.33. In July this price barely changed remaining at $13.65 per sq.feet. The price for the following two months in (August, September) had a considerable fall of 10 with regard to the previous two months. The price per sq.feet has had a considerable fall of 19 % 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 $7.68 to $1.43 during October, and November.
When referring to the price in West Lafayette (cities), this has risen in the last 6 months. The rent price in June is $1,022, rising in July till $1,086. In the following two months the average price has hardly changed with regard to the previous two months from $1,054 to $1,082. 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 $1,068 and $1,067.5 between 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 $1,069 they are 24 % more affordable than the average price for West Lafayette . The properties with the highest average price have 4 bedrooms, Their price is 62 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,387.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.04 / sq.feet, with an average $1.33 / sq.feet price in West Lafayette. The properties with the most expensive average prices have 1 bedroom. They are 27 % more expensive than the average followed by properties with 4 bedrooms with a price at $1.33 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,069 it is 13 % more affordable than the average price in West Lafayette. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $953 it is 27 % 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 $0.93 / sq.feet followed by "Apartment" priced at $1.53 / sq.feet. "Apartment" is the most expensive type of property with a $1.53 / sq.feet value followed by "House" with an average price of $0.93 / sq.feet.