The rent prices in real estate in Moorhead, 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 Moorhead has risen during the last 6 months. In September, the average price per sq.feet was $1.07. In October this price barely changed remaining at $1.07 per sq.feet. In the following two months the price per sq.feet has risen 108 %, going from $1.07 to $1.15 per sq.feet. The price per sq.feet has risen 113 % 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 $1.11 to $1.26 during January, and February.
When referring to the price in Moorhead (cities), this has risen considerably in the last 6 months. The average price during our first sample month during September, is $1,001. During October the price went through a considerable rise reaching $1,213. During the following two months (November, December) the average price had a considerable rise of 122 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 116 % 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 $1,450 they are 31 % more affordable than the average price for Moorhead . The properties with the highest average price have 4 bedrooms, Their price is 44 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,483.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.04 / sq.feet, with an average $1.28 / sq.feet price in Moorhead. The properties with the most expensive average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.09 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,450 it is 13 % more affordable than the average price in Moorhead. "" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Condo". At a price of $1,562 it is 37 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $1.06 / sq.feet followed by "House" priced at $1.29 / sq.feet. "House" is the most expensive type of property with a $1.29 / sq.feet value followed by "Land" with an average price of $1.06 / sq.feet.