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 March, the average price per sq.feet was $6.14. The following month (April) the price had a considerable fall reaching $1.31 per sq.feet. The following two months (May, June) went through a considerable fall of 32 % 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 fall of 49 %. This has been obtained by comparing the price of $2.45 for the first four months of the sample with regard to the previous 4 months and the price of $1.21 per sq.feet for the last two months (July, August).
When referring to the price in Indiana(region), this has risen in the last 6 months. In the first month sample March the average price is $1,117. In April the price remains at $1,159. In the following two months the average price practically remained the same compared to the previous two going from $1,138 to $1,193. During the last two months the price has gone up 110 % compared to the previous average values going from $1,165.5 a $1,278 in July y August.
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 21 % cheaper than the average price in Indiana followed by those with 2 with an average price of $1,275. The most expensive properties have 4 bedrooms. They are 43 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,608.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $0.92 / sq.feet being $1.3 / sq.feet the average for Indiana. The properties with the highest average price are those with 1 bedroom. These are 480 % more expensive than the average followed by those with 2 bedrooms with a price of $1.34 / 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 $1,345 it is 23 % cheaper than the average in Indiana. This is followed by "House" with a cost of $1,070. The most expensive property type is "Land" and is 45 % more costly than the average, followed by "Condo" with a cost of $1,671.
Based upon the average cost per sq.feet the most affordable property type is "Condo with a an average price of $1 / sq.feet, followed by "House" with a price of $1.23 / sq.feet. "Land" with an average price of $127.18 / sq.feet is the most expensive type of property followed by "House" at a price of $1.23 / sq.feet.