The rent prices in real estate in Austin, 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 Austin has had a strong fall during the last 6 months. In November, the average price per sq.feet was $2. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (January, February) had a considerable fall of 27 with regard to the previous two months. The price per sq.feet has had a considerable fall of 0 % 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 $0.95 to during March, and April.
When referring to the price in Austin (cities), this has risen in the last 6 months. In our first sample month during November, the average price is $662. In December This price remains at $651. In the following two months the average price has hardly changed with regard to the previous two months from $656.5 to $681.5. Based on an analysis of the first four prices and the last two months the average price has increased 113 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $724 they are 29 % more affordable than the average price for Austin . The properties with the highest average price have 3 bedrooms, Their price is 37 % more expensive than the average. After that we have properties with 2 bedrooms priced at $780.
According to average price per property type in Austin, "" priced at $649 is 10 % lower than the average price ($724) in this city.