The rent prices in real estate in Hopkins, 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 Hopkins has had a strong fall during the last 6 months. In September, the average price per sq.feet was $34.01. In the following month the price per sq.feet fell to $29.49. The price for the following two months in (November, December) had a considerable fall of 79 with regard to the previous two months. The price per sq.feet has had a considerable fall of 58 % 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 $28.49 to $16.6 during January, and February.
When referring to the price in Hopkins (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $1,487. In October This price remains at $1,450. In the following two months the average price has hardly changed with regard to the previous two months from $1,468.5 to $1,439.5. 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 $1,454 and $1,429.5 between January and February.
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 $1,423 they are 15 % more affordable than the average price for Hopkins . The properties with the highest average price have 4 bedrooms, Their price is 95 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,184.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $15.87 / sq.feet, with an average $29.42 / sq.feet price in Hopkins. The properties with the most expensive average prices have 3 bedrooms. They are 148 % more expensive than the average followed by properties with 2 bedrooms with a price at $59.55 / sq.feet.
According to average price per property type in Hopkins, "" priced at $1,467 is 3 % more expensive than the average price ($1,423) in this city.