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 May, the average price per sq.feet was $11.02. In the following month the price per sq.feet rose considerably to $14.06. The price for the following two months in (July, August) had a considerable fall of 66 with regard to the previous two months. The price per sq.feet has had a considerable fall of 14 % 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 $10.41 to $1.42 during September, and October.
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 May, the average price is $1,346. In June This price remains at $1,353. In the following two months the average price has hardly changed with regard to the previous two months from $1,349.5 to $1,344. 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 $1,346.75 and $1,362 between September and October.
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 $1,386 they are 12 % more affordable than the average price for Hopkins . The properties with the highest average price have 4 bedrooms, Their price is 57 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,974.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.05 / sq.feet, with an average $1.41 / sq.feet price in Hopkins. The properties with the most expensive average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.35 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,386 it is 8 % more affordable than the average price in Hopkins. "Office" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $1,803 it is 53 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Office" at an average price of $0.14 / sq.feet followed by "Condo" priced at $1.1 / sq.feet. "Townhouse" is the most expensive type of property with a $31 / sq.feet value followed by "House" with an average price of $1.58 / sq.feet.