The rent prices in real estate in Hopkins, in the Minnesota region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Hopkins has risen during the last 6 months. In September, the average price per sq.feet was $1.93. In the following month the price per sq.feet rose considerably to $2.26. In the following two months the price per sq.feet has risen 107 %, going from $2.1 to $2.23 per sq.feet. The price per sq.feet has had a considerable fall of 84 % 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 $2.16 to $1.82 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 $1,737. In October This price remains at $1,823. During the following two months (November, December) the price has had an average rise from $1,780 to $1,887.5. During the last two months the average price has fallen greatly compared to the previous four going from $1,833.75 to $1,513.5, which means a 83 % fall.
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 $1,439 they are 10 % more affordable than the average price for Hopkins . The properties with the highest average price have 4 bedrooms, Their price is 68 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,021.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.59 / sq.feet, with an average $1.72 / sq.feet price in Hopkins. The properties with the most expensive average prices have 1 bedroom. They are 4 % more expensive than the average followed by properties with 4 bedrooms with a price at $1.72 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most expensive one. At an cost of $1,439 it is 4 % more expensive than the average price in Hopkins. "House" is seen as the second most expensive property type. The most expensive property type is "Townhouse" followed by "House". At a price of $1,988 it is 40 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1.67 / sq.feet followed by "Condo" priced at $1.72 / sq.feet. "House" is the most expensive type of property with a $2.11 / sq.feet value followed by "Condo" with an average price of $1.72 / sq.feet.