The rent prices in real estate in Madison Lake, 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 Madison Lake has had a strong fall during the last 6 months. In May, the average price per sq.feet was $7. In June this price barely changed remaining at $7 per sq.feet. The price for the following two months in (July, August) had a considerable fall of 57 with regard to the previous two months. The price per sq.feet has had a considerable fall of 55 % 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 $5.5 to $3 during September, and October.
When referring to the price in Madison Lake (cities), this has fallen considerably in the last 6 months. In our first sample month during May, the average price is $992. In June This price remains at $992. During the following two months (July, August) the price has had an average rise from $992 to $1,095. During the last two months the average price has fallen greatly compared to the previous four going from $1,043.5 to $495.5, which means a 47 % fall.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 2 % more affordable than the average price of $967 in Madison Lake. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 2 % more affordable than the average aforementioned.
According to average price per property type in Madison Lake, "" priced at $967 is 2 % lower than the average price ($991) in this city.