The rent prices in real estate in Faribault, in the Minnesota region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Faribault has risen strongly during the last 6 months. In February, the average price per sq.feet was $0.92. In the following month the price per sq.feet rose to $1. The price for the following two months in (April, May) had a considerable rise of 129 %. The price per sq.feet has had a considerable rise of 121 % 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 $1.1 to $1.34 during June, and July.
When referring to the price in Faribault (cities), this has risen considerably in the last 6 months. The average price for February is $1,048. During March the price had a slight fall till $993. During the following two months (April, May) the price has had an average rise from $1,020.5 to $1,120.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 133 % during the last two months.
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 $1,691 they are 42 % more affordable than the average price for Faribault . The properties with the highest average price have 2 bedrooms, Their price is 6 % more expensive than the average. After that we have properties with 1 bedroom priced at $1,370.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.41 / sq.feet, with an average $1.5 / sq.feet price in Faribault. The properties with the most expensive average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.41 / sq.feet.
According to average price per property type in Faribault, "" priced at $981 is 42 % lower than the average price ($1,691) in this city.