The average rent price in the Indiana region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.
The price per sq.feet in Indiana has risen considerably in the last 6 months. During January, the average price per sq.feet was $1.02. In February the price barely changed remaining at $1.07 per sq.feet. In the following two months (March, April) the rent price per sq.feet has increased notably to a 115 %. In the last two months, the price per sq.feet has risen 109 %. This has been obtained by comparing the price $1.12 for the first four months of the sample with regard to the previous 4 months and the price $1.23 per sq.feet for the last two months (May, June).
When referring to the price in Indiana(region), this has risen considerably in the last 6 months. The average rent price in January is $941. In February the price rose to $1,055. The average price for the following two months (March, April) rose from $998 to $1,118.5. During the last two months the average price has not gone through any changes and has gone from $1,058.25 to $1,095.5 during May and June.
The graph displaying the the average rent price per number of bedrooms shows that those with 2 bedrooms are the most affordable ones. They are 6 % cheaper than the average price in Indiana followed by those with 1 with an average price of $1,131. The most expensive properties have 4 bedrooms. They are 59 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,279.
Based on the average price per sq.feet those properties with 3 bedrooms are the most affordable ones with a price of $0.93 / sq.feet being $1.34 / sq.feet the average for Indiana. The properties with the highest average price are those with 1 bedroom. These are 26 % more expensive than the average followed by those with 4 bedrooms with a price of $1.12 / sq.feet.
The graph displaying the average rent price according to the property type shows "House" as the most affordable one. With an average cost of $1,101 it is 19 % cheaper than the average in Indiana. This is followed by "" with a cost of $1,043. The most expensive property type is "Land" and is 35 % more costly than the average, followed by "Condo" with a cost of $1,211.
Based upon the average cost per sq.feet the most affordable property type is "Land with a an average price of $0.94 / sq.feet, followed by "House" with a price of $1.23 / sq.feet. "House" with an average price of $1.23 / sq.feet is the most affordable type of property followed by "Land" at a price of $0.94 / sq.feet.