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 October, the average price per sq.feet was $1.66. The following month (November) the price had a considerable fall reaching $1.37 per sq.feet. The following two months (December, January) went through a fall of 86 % in the rent price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant rise of 385 %. This has been obtained by comparing the price of $1.41 for the first four months of the sample with regard to the previous 4 months and the price of $5.42 per sq.feet for the last two months (February, March).
When referring to the price in Indiana (region), this has fallen in the last 6 months. In the first month sample October the average price is $1,279. In November the price remains at $1,234. In the following two months the average price practically remained the same compared to the previous two going from $1,256.5 to $1,254.5. During the last two months the price has gone down 91 % compared to the previous average values going from $1,255.5 a $1,144.5 in February y March.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 11 % cheaper than the average price in Indiana followed by those with 2 with an average price of $1,050. The most expensive properties have 4 bedrooms. They are 62 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,420.
Based on the average price per sq.feet those properties with 3 bedrooms are the most affordable ones with a price of $1.07 / sq.feet being $6.14 / sq.feet the average for Indiana. The properties with the highest average price are those with 2 bedrooms. These are 62 % more expensive than the average followed by those with 1 bedroom with a price of $4.37 / 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 $1,117 it is 7 % cheaper than the average in Indiana. This is followed by "Land" with a cost of $1,291. The most expensive property type is "Condo" and is 38 % more costly than the average, followed by "Land" with a cost of $1,291.
Based upon the average cost per sq.feet the most affordable property type is "Land with a an average price of $0.99 / sq.feet, followed by "House" with a price of $1.71 / sq.feet. "Condo" with an average price of $102.59 / sq.feet is the most expensive type of property followed by "House" at a price of $1.71 / sq.feet.