Property prices for rent in Bemidji (Minnesota)
The rent prices in real estate in Bemidji, 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 Bemidji has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.5. In the following month the price per sq.feet fell to $1.36. The price for the following two months in (December, January) fell 88 % with regard to the previous two months. The price per sq.feet has fallen 90 % 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 $1.35 to $1.22 during February, and March.
When referring to the price in Bemidji (cities), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $1,152. In November This price remains at $1,115. During the following two months (December, January) the average price had a considerable rise of 119 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 119 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $1,487 they are 41 % more affordable than the average price for Bemidji . The properties with the lowest average price have 2 bedrooms, Their price is 25 % more affordable than the average. After that we have properties with 1 bedroom priced at $990.
According to average price per property type in Bemidji, "" priced at $872 is 41 % lower than the average price ($1,487) in this city.
