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 February, the average price per sq.feet was $0.86. In the following month the price per sq.feet rose considerably to $1.29. The price for the following two months in (April, May) had a considerable rise of 157 %. The price per sq.feet has had a considerable rise of 272 % 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 $1.38 to $3.76 during June, and July.
When referring to the price in Moorhead (cities), this has risen considerably in the last 6 months. The rent price in February is $856, rising in March till $935. During the following two months (April, May) the price has had an average rise from $895.5 to $995.5. Based on an analysis of the first four prices and the last two months the average price has increased 113 % during the last two months.
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 $1,075 they are 37 % more affordable than the average price for Moorhead . The properties with the highest average price have 4 bedrooms, Their price is 27 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,345.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $3.35 / sq.feet, with an average $4.83 / sq.feet price in Moorhead. The properties with the most expensive average prices have 1 bedroom. They are 30 % more expensive than the average followed by properties with 3 bedrooms with a price at $5.78 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,075 it is 23 % more affordable than the average price in Moorhead. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $946 it is 14 % 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 $3.22 / sq.feet followed by "Condo" priced at $9.55 / sq.feet. "Condo" is the most expensive type of property with a $9.55 / sq.feet value followed by "House" with an average price of $3.22 / sq.feet.