Property prices for rent in Faribault (Minnesota)

The rent prices in real estate in Faribault, in the Minnesota region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

$989.33
Average price last 6 months
$4.2
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Faribault has had a strong fall during the last 6 months. In June, the average price per sq.feet was $7.7. In the following month the price per sq.feet rose considerably to $10.56. The price for the following two months in (August, September) had a considerable fall of 11 with regard to the previous two months. The price per sq.feet has had a considerable fall of 49 % 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 $5.07 to $2.48 during October, and November.

Average price

When referring to the price in Faribault (cities), this has fallen in the last 6 months. The average price for June is $1,039. During July the price had a slight fall till $986. In the following two months the average price has hardly changed with regard to the previous two months from $1,012.5 to $985.5. 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 $999 and $970 between October and November.

Average price per bedrooms

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 $974 they are 25 % more affordable than the average price for Faribault . The properties with the highest average price have 3 bedrooms, Their price is 11 % more expensive than the average. After that we have properties with 4 bedrooms priced at $989.

With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1 / sq.feet, with an average $4 / sq.feet price in Faribault. The properties with the most affordable average prices have 4 bedrooms. They are 50 % more affordable than the average followed by properties with 1 bedroom with a price at $1 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $974 it is 7 % more affordable than the average price in Faribault. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $906 it is 2 % more expensive than the average price.

According to the average area price by sq.feet the most affordable property type is "House with an average cost of $2 / sq.feet. "House" with an average price of $2 / sq.feet has the most affordable price and would be directed at less affluent cities.

Charts data
Average price November
Average price per sq.feet November
Number of properties used in Faribault
Number of properties used in region Minnesota
$974
$4
94
58,512
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value