The rent prices in real estate in Albert Lea, in the Minnesota region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Albert Lea has had a strong fall during the last 6 months. In July, the average price per sq.feet was $3.81. In the following month the price per sq.feet fell considerably to $0.7. The price for the following two months in (September, October) had a considerable fall of 30 with regard to the previous two months. The price per sq.feet has had a considerable fall of 21 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1.47 to $0.31 during November, and December.
When referring to the price in Albert Lea (cities), this has fallen in the last 6 months. The average price for July is $865. During August the price had a slight fall till $771. During the following two months (September, October) the price has had an average rise from $818 to $878. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 91 %, going from $848 to $771.5 in November and December.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 7 % more affordable than the average price of $652 in Albert Lea. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 7 % more affordable than the average aforementioned.
According to average price per property type in Albert Lea, "" priced at $652 is 7 % lower than the average price ($700) in this city.