The rent prices in real estate in Brooklyn Center, 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 Brooklyn Center has had a strong fall during the last 6 months. In June, the average price per sq.feet was $9.16. In July this price barely changed remaining at $8.92 per sq.feet. The price for the following two months in (August, September) had a considerable fall of 14 with regard to the previous two months. The price per sq.feet has had a considerable fall of 26 % 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 $5.14 to $1.33 during October, and November.
When referring to the price in Brooklyn Center (cities), there have hardly been any changes in the last 6 months. In our first sample month during June, the average price is $1,140. In July This price remains at $1,193. In the following two months the average price has hardly changed with regard to the previous two months from $1,166.5 to $1,213.5. 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 $1,190 and $1,165.5 between October and November.
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 $1,135 they are 9 % more affordable than the average price for Brooklyn Center . The properties with the highest average price have 4 bedrooms, Their price is 76 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,586.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.4 / sq.feet price in Brooklyn Center. The properties with the most expensive average prices have 1 bedroom. They are 4 % more expensive than the average followed by properties with 2 bedrooms with a price at $1 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,135 it is 10 % more affordable than the average price in Brooklyn Center. "" is seen as the second most affordable property type. The most expensive property type is "" followed by "Apartment". At a price of $1,025 it is 48 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "Apartment with an average cost of $1 / sq.feet. "Apartment" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.