The rent prices in real estate in Minneapolis, 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 Minneapolis has risen during the last 6 months. In November, the average price per sq.feet was $2.01. In December this price barely changed remaining at $1.96 per sq.feet. In the following two months the price per sq.feet has risen 113 %, going from $1.99 to $2.24 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $2.11 to $2.1 during March y April
When referring to the price in Minneapolis (cities), there have hardly been any changes in the last 6 months. The average price for November is $1,577. During December the price had a slight fall till $1,489. During the following two months (January, February) the price has had an average rise from $1,533 to $1,622.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $1,577.75 to $1,465.5 in March and April.
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 $1,425 they are 8 % more affordable than the average price for Minneapolis . The properties with the highest average price have 4 bedrooms, Their price is 69 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,196.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.35 / sq.feet, with an average $2.09 / sq.feet price in Minneapolis. The properties with the most affordable average prices have 1 bedroom. They are 2 % more affordable than the average followed by properties with 2 bedrooms with a price at $1.97 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,425 it is 12 % more affordable than the average price in Minneapolis. "" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $1,807 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 $1.88 / sq.feet followed by "House" priced at $2.05 / sq.feet. "Townhouse" is the most expensive type of property with a $36.56 / sq.feet value followed by "House" with an average price of $2.05 / sq.feet.