The rent prices in real estate in Moorhead, in the Minnesota region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Moorhead has risen strongly during the last 6 months. In September, the average price per sq.feet was $0.83. In October this price barely changed remaining at $0.85 per sq.feet. The price for the following two months in (November, December) had a considerable rise of 132 %. The price per sq.feet has had a considerable rise of 117 % 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 $0.98 to $1.14 during January, and February.
When referring to the price in Moorhead (cities), this has fallen in the last 6 months. In our first sample month during September, the average price is $1,269. In October This price remains at $1,237. During the following two months (November, December) the average price fell 87 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 87 %, going from $1,169.25 to $1,017 in January and February.
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 $1,020 they are 20 % more affordable than the average price for Moorhead . The properties with the highest average price have 4 bedrooms, Their price is 31 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,294.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $0.93 / sq.feet, with an average $1.12 / sq.feet price in Moorhead. The properties with the most expensive average prices have 1 bedroom. They are 18 % more expensive than the average followed by properties with 4 bedrooms with a price at $1.1 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,020 it is 14 % more affordable than the average price in Moorhead. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,357 it is 41 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.07 / sq.feet followed by "Apartment" priced at $1.14 / sq.feet. "Apartment" is the most expensive type of property with a $1.14 / sq.feet value followed by "House" with an average price of $1.07 / sq.feet.