The rent prices in real estate in Bemidji, in the Minnesota region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Bemidji has risen strongly during the last 6 months. In April, the average price per sq.feet was $0.95. In the following month the price per sq.feet rose considerably to $6. In the following two months the price per sq.feet has practically remained the same, going from $3.47 to $3.57 per sq.feet. The price per sq.feet has had a considerable fall of 37 % 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 $3.52 to $1.3 during August, and September.
When referring to the price in Bemidji (cities), this has fallen considerably in the last 6 months. The average price for April is $1,275. During May the price had a considerable fall till $1,050. In the following two months the average price has hardly changed with regard to the previous two months from $1,162.5 to $1,159.5. During the last two months the average price has fallen greatly compared to the previous four going from $1,161 to $838, which means a 72 % fall.
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 $788 they are 9 % more affordable than the average price for Bemidji . The properties with the highest average price have 2 bedrooms, Their price is 13 % more expensive than the average. After that we have properties with 1 bedroom priced at $715.
With regard to the average prices per sq.feet those properties with 1 bedroom are 6 % more expensive than the average price of ($1.35 / sq.feet) in Bemidji. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 6 % more expensive than the average value aforementioned.
According to average price per property type in Bemidji, "" priced at $889 is 13 % more expensive than the average price ($788) in this city.