The rent prices in real estate in Andover, 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 Andover has had a strong fall during the last 6 months. In December, the average price per sq.feet was $15.22. In the following month the price per sq.feet fell considerably to $1.24. The price for the following two months in (February, March) had a considerable fall of 79 with regard to the previous two months. The price per sq.feet has had a considerable fall of 15 % 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 $7.37 to $1.08 during April, and May.
When referring to the price in Andover (cities), there have hardly been any changes in the last 6 months. In our first sample month during December, the average price is $2,236. In January This price remains at $2,140. In the following two months the average price has hardly changed with regard to the previous two months from $2,188 to $2,153.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,170.75 and $2,270 between April and May.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 36 % more affordable than the average price of $1,641 in Andover. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 36 % more affordable than the average aforementioned.
According to average price per property type in Andover, "" priced at $1,631 is 37 % lower than the average price ($2,577) in this city.