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 July, the average price per sq.feet was $10.65. In the following month the price per sq.feet fell considerably to $0.85. The price for the following two months in (September, October) had a considerable fall of 16 with regard to the previous two months. The price per sq.feet has had a considerable rise of 211 % 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 $3.33 to $7 during November, and December.
When referring to the price in Bemidji (cities), this has risen in the last 6 months. In our first sample month during July, the average price is $1,080. In August This price remains at $1,063. During the following two months (September, October) the average price had a considerable rise of 125 % with regard to the previous two months. 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 $1,205.75 and $1,155 between November and December.
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 $1,258 they are 47 % more affordable than the average price for Bemidji . The properties with the lowest average price have 3 bedrooms, Their price is 7 % more affordable than the average. After that we have properties with 2 bedrooms priced at $1,126.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2 / sq.feet, with an average $7 / sq.feet price in Bemidji. The properties with the most expensive average prices have 2 bedrooms. They are 14 % more expensive than the average followed by properties with 1 bedroom with a price at $7 / sq.feet.
According to average price per property type in Bemidji, "" priced at $1,021 is 19 % lower than the average price ($1,258) in this city.