The rent prices in real estate in Minneapolis, in the Minnesota region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Minneapolis has barely changed in the last 6 months. In January, the average price per sq.feet was $1.95. In February this price barely changed remaining at $2.04 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2 to $2.03 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 $2.01 to $2.03 during May y June
When referring to the price in Minneapolis (cities), this has risen in the last 6 months. The average price during our first sample month during January, is $1,401. During February the price went through a considerable rise reaching $1,712. In the following two months the average price has hardly changed with regard to the previous two months from $1,556.5 to $1,566.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $1,561.5 to $1,439.5 in May and June.
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 $1,492 they are 10 % more affordable than the average price for Minneapolis . The properties with the highest average price have 4 bedrooms, Their price is 73 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,160.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.42 / sq.feet, with an average $2.07 / sq.feet price in Minneapolis. The properties with the most expensive average prices have 1 bedroom. They are 1 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.79 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,492 it is 5 % more affordable than the average price in Minneapolis. "House" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $1,615 it is 43 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $2.15 / sq.feet followed by "Condo" priced at $2.21 / sq.feet. "Townhouse" is the most expensive type of property with a $103 / sq.feet value followed by "Condo" with an average price of $2.21 / sq.feet.