The rent prices in real estate in Elk River, 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 Elk River has barely changed in the last 6 months. In October, the average price per sq.feet was $1.41. In the following month the price per sq.feet fell to $1.33. In the following two months the price per sq.feet has practically remained the same, going from $1.37 to $1.33 per sq.feet. The price per sq.feet has risen 106 % 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 $1.35 to $1.43 during February, and March.
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 October, the average price is $1,531. In November This price remains at $1,473. In the following two months the average price has hardly changed with regard to the previous two months from $1,502 to $1,470. Based on an analysis of the first four prices and the last two months the average price has increased 109 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,521 they are 7 % more affordable than the average price for Elk River . The properties with the highest average price have 4 bedrooms, Their price is 73 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,240.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.44 / sq.feet price in Elk River. The properties with the most expensive average prices have 1 bedroom. They are 8 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.39 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,521 it is 3 % more affordable than the average price in Elk River. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $1,540 it is 72 % 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.