The rent prices in real estate in Hibbing, 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 Hibbing has had a strong fall during the last 6 months. In March, the average price per sq.feet was $24. In the following month the price per sq.feet fell considerably to . The price for the following two months in (May, June) had a considerable fall of 29 with regard to the previous two months. The price per sq.feet has had a considerable rise of 148 % 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 $7.75 to $11.5 during July, and August.
When referring to the price in Hibbing (cities), this has fallen considerably in the last 6 months. The average price for March is $4,490. During April the price had a considerable fall till $791. During the following two months (May, June) the average price had a considerable fall of 31 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,723.75 to $781, which means a 45 % fall.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 1 % more affordable than the average price of $769 in Hibbing. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 1 % more affordable than the average aforementioned.
According to average price per property type in Hibbing, "" priced at $769 is 1 % lower than the average price ($777) in this city.