The rent prices in real estate in Fargo, in the North Dakota 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 Fargo has fallen during the last 6 months. In September, the average price per sq.feet was $1.3. In the following month the price per sq.feet fell to $1.16. In the following two months the price per sq.feet has practically remained the same, going from $1.23 to $1.18 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $1.2 to $1.23 during January y February
When referring to the price in Fargo (cities), there have hardly been any changes in the last 6 months. The average price for September is $1,148. During October the price had a slight fall till $1,045. In the following two months the average price has hardly changed with regard to the previous two months from $1,096.5 to $1,135.5. 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 $1,116 and $1,128.5 between January and February.
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 $1,125 they are 16 % more affordable than the average price for Fargo . The properties with the highest average price have 4 bedrooms, Their price is 75 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,432.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.95 / sq.feet, with an average $1.23 / sq.feet price in Fargo. 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 $1.07 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,125 it is 4 % more affordable than the average price in Fargo. "Condo" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "". At a price of $1,902 it is 71 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $0.92 / sq.feet followed by "Townhouse" priced at $1 / sq.feet. "Land" is the most expensive type of property with a $1.55 / sq.feet value followed by "House" with an average price of $1.25 / sq.feet.