The rent prices in real estate in New Ulm, in the Minnesota region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in New Ulm has had a strong fall during the last 6 months. In September, the average price per sq.feet was $1. In October this price barely changed remaining at $1 per sq.feet. The price for the following two months in (November, December) had a considerable fall of 50 with regard to the previous two months. The price per sq.feet has had a considerable fall of 0 % 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 $0.75 to during January, and February.
When referring to the price in New Ulm (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $636. In October This price remains at $636. In the following two months the average price has hardly changed with regard to the previous two months from $636 to $635.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $635.75 and $635 between January and February.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 3 % more affordable than the average price of $616 in New Ulm. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 3 % more affordable than the average aforementioned.
According to average price per property type in New Ulm, "" priced at $616 is 3 % lower than the average price ($635) in this city.