The rent prices in real estate in Mankato, 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 Mankato has risen during the last 6 months. In October, the average price per sq.feet was $1.17. In November this price barely changed remaining at $1.2 per sq.feet. In the following two months the price per sq.feet has risen 110 %, going from $1.18 to $1.3 per sq.feet. The price per sq.feet has risen 108 % 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 $1.24 to $1.34 during February, and March.
When referring to the price in Mankato (cities), this has risen in the last 6 months. The rent price in October is $1,210, rising in November till $1,271. During the following two months (December, January) the price has had an average rise from $1,240.5 to $1,331. 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 $1,285.75 and $1,323 between February and March.
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 $1,334 they are 19 % more affordable than the average price for Mankato . The properties with the highest average price have 4 bedrooms, Their price is 28 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,469.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.13 / sq.feet, with an average $1.35 / sq.feet price in Mankato. The properties with the most expensive average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.28 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,334 it is 39 % more affordable than the average price in Mankato. "House" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Condo". At a price of $1,542 it is 32 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1 / sq.feet followed by "Land" priced at $1.1 / sq.feet. "House" is the most expensive type of property with a $1.41 / sq.feet value followed by "Land" with an average price of $1.1 / sq.feet.