The rent prices in real estate in Bismarck, in the North Dakota region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Bismarck has risen during the last 6 months. In April, the average price per sq.feet was $3.07. In the following month the price per sq.feet rose considerably to $4.07. The price for the following two months in (June, July) had a considerable rise of 143 %. The price per sq.feet has had a considerable fall of 22 % 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 $4.34 to $0.95 during August, and September.
When referring to the price in Bismarck (cities), there have hardly been any changes in the last 6 months. The rent price in April is $1,174, rising in May till $1,249. In the following two months the average price has hardly changed with regard to the previous two months from $1,211.5 to $1,160.5. 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 $1,186 and $1,190.5 between August and September.
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 $1,187 they are 27 % more affordable than the average price for Bismarck . The properties with the highest average price have 4 bedrooms, Their price is 71 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,538.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $0.91 / sq.feet, with an average $0.94 / sq.feet price in Bismarck. The properties with the most expensive average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 3 bedrooms with a price at $0.97 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,187 it is 27 % more affordable than the average price in Bismarck. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,474 it is 39 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $0.95 / sq.feet followed by "Apartment" priced at $0.98 / sq.feet. "Condo" is the most expensive type of property with a $6 / sq.feet value followed by "Apartment" with an average price of $0.98 / sq.feet.