principle of regression Definition A real estate valuation theory which states that a property of higher value is negatively affected through comparison with lower value properties. The principle may be evident during the appraisal process whereby two or more buildings with similar amenities are compared; the more marketable property may be valued slightly lower due to its location.
Independent senior living communities are the least expensive of the three primary senior living options. Monthly costs vary significantly by community type, size of apartment, location and services offered. The average total cost for a U.S. one bedroom independent senior living apartment is $2,750 per month.In 2011, the average rate for a private bedroom at a U.S. nursing home was $239 per day, or nearly $7,270 per month. Average rate for a private bedroom at an assisted living community was $3,477 per month.he average total cost for a U.S. one bedroom independent senior living apartment is $2,750 per month. In 2011, the average rate for a private bedroom at a U.S. nursing home was $239 per day, or nearly $7,270 per month.
Cost of Illinois Assisted Living Facilities. According to the 2015 Genworth Financial cost of care survey, the average cost of assisted living in Illinois is $4,050 per month.The monthly base rate for Illinois assisted living is typically higher when compared to neighboring states.Illinois is also more expensive compared to the national average. This cost is the base cost for a one-bedroom assisted living unit in Illinois. Additional fees beyond the base rate may apply.ssisted Living Regulations. Illinois defines an assisted living facility as one that provides residential and community based care for at least three unrelated adults. The majority of the residents (80%) should be 55 or older, and residents must need some assistance in their activities of daily living, or ADLs.