The average rent price in the Indiana region has had a strong fall in recent months. There has been a strong fall in the rent prices in this region.
The price per sq.feet in Indiana has fallen considerably in the last 6 months. During April, the average price per sq.feet was $4.34. The following month (May) the price had a considerable fall reaching $3.33 per sq.feet. In the following two months (June, July) the rent price per sq.feet has increased notably to a 120 %. In the last two months, the price per sq.feet has had a significant fall of 24 %. This has been obtained by comparing the price of $4.22 for the first four months of the sample with regard to the previous 4 months and the price of $1.02 per sq.feet for the last two months (August, September).
When referring to the price in Indiana(region), there have hardly been any changes in the last 6 months. April has an average price of $1,040. During Maythe price had a slight fall till $901. In the following two months the average price practically remained the same compared to the previous two going from $970.5 to $976.5. During the last two months the price has gone up 113 % compared to the previous average values going from $973.5 a $1,102 in August y September.
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 25 % cheaper than the average price in Indiana followed by those with 2 with an average price of $1,013. The most expensive properties have 4 bedrooms. They are 55 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,189.
Based on the average price per sq.feet those properties with 3 bedrooms are the most affordable ones with a price of $0.83 / sq.feet being $1.02 / sq.feet the average for Indiana. The properties with the highest average price are those with 1 bedroom. These are 24 % more expensive than the average followed by those with 2 bedrooms with a price of $1.03 / sq.feet.
The graph displaying the average rent price according to the property type shows "" as the most affordable one. With an average cost of $1,108 it is 11 % cheaper than the average in Indiana. This is followed by "House" with a cost of $1,008. The most expensive property type is "Commercial" and is 147 % more costly than the average, followed by "Office" with a cost of $1,986.
Based upon the average cost per sq.feet the most affordable property type is "Commercial with a an average price of $0.72 / sq.feet, followed by "Condo" with a price of $0.85 / sq.feet. "House" with an average price of $1.18 / sq.feet is the most expensive type of property followed by "Office" at a price of $1 / sq.feet.