The rent prices in real estate in Fergus Falls, 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.
The price per sq.feet in Fergus Falls has had a strong fall during the last 6 months. In June, the average price per sq.feet was $7.09. In the following month the price per sq.feet rose considerably to $8.91. 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 fallen 89 % 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 $4.42 to $3.93 during October, and November.
When referring to the price in Fergus Falls (cities), there have hardly been any changes in the last 6 months. In our first sample month during June, the average price is $837. In July This price remains at $849. In the following two months the average price has hardly changed with regard to the previous two months from $843 to $857.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $850.25 to $801 in October and November.
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 $781 they are 26 % more affordable than the average price for Fergus Falls . 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 3 bedrooms priced at $723.
With regard to the average prices per sq.feet those properties with 1 bedroom are 71 % more affordable than the average price of ($2 / sq.feet) in Fergus Falls. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 71 % more affordable than the average value aforementioned.
According to average price per property type in Fergus Falls, "" priced at $723 is 7 % lower than the average price ($781) in this city.