The rent prices in real estate in Detroit Lakes, in the Minnesota region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Detroit Lakes has barely changed in the last 6 months. In May, the average price per sq.feet was $2.94. In the following month the price per sq.feet rose considerably to $5.58. The price for the following two months in (July, August) had a considerable fall of 82 with regard to the previous two months. The price per sq.feet has had a considerable fall of 28 % 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 $3.87 to $1.07 during September, and October.
When referring to the price in Detroit Lakes (cities), this has risen in the last 6 months. The rent price in May is $1,031, rising in June till $1,131. During the following two months (July, August) the average price had a considerable rise of 116 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 91 %, going from $1,165.75 to $1,062.5 in September and October.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,046 they are 19 % more affordable than the average price for Detroit Lakes . The properties with the highest average price have 3 bedrooms, Their price is 23 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,259.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.76 / sq.feet, with an average $1.09 / sq.feet price in Detroit Lakes. The properties with the most expensive average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.12 / sq.feet.
According to average price per property type in Detroit Lakes, "" priced at $795 is 24 % lower than the average price ($1,046) in this city.