Property prices for rent in Faribault (Minnesota)
The rent prices in real estate in Faribault, 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 Faribault has barely changed in the last 6 months. In November, the average price per sq.feet was $1.47. In December this price barely changed remaining at $1.43 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.45 to $1.47 per sq.feet. The price per sq.feet has fallen 93 % 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 $1.35 during March, and April.
When referring to the price in Faribault (cities), there have hardly been any changes in the last 6 months. The rent price in November is $1,397, rising in December till $1,468. During the following two months (January, February) the price has had an average rise from $1,432.5 to $1,576. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 87 %, going from $1,504.25 to $1,305.5 in March and April.
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 $1,296 they are 16 % more affordable than the average price for Faribault . The properties with the highest average price have 3 bedrooms, Their price is 67 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,515.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.16 / sq.feet, with an average $1.33 / sq.feet price in Faribault. The properties with the most expensive average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.3 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,296 it is 12 % more affordable than the average price in Faribault. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,148 it is 69 % 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.
