The rent prices in real estate in Elk River, in the Minnesota region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Elk River has fallen during the last 6 months. In February, the average price per sq.feet was $1.51. In March this price barely changed remaining at $1.48 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.5 to $1.43 per sq.feet. The price per sq.feet has fallen 94 % 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 $1.46 to $1.38 during June, and July.
When referring to the price in Elk River (cities), there have hardly been any changes in the last 6 months. In our first sample month during February, the average price is $1,561. In March This price remains at $1,580. In the following two months the average price has hardly changed with regard to the previous two months from $1,570.5 to $1,553.5. 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 $1,562 and $1,497.5 between June and July.
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 $1,481 they are 10 % more affordable than the average price for Elk River . The properties with the highest average price have 4 bedrooms, Their price is 42 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,667.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.08 / sq.feet, with an average $1.38 / sq.feet price in Elk River. The properties with the most expensive average prices have 1 bedroom. They are 9 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.36 / sq.feet.
According to average price per property type in Elk River, "" priced at $1,537 is 4 % more expensive than the average price ($1,481) in this city.