Property prices for rent in New Ulm (Minnesota)

The price per sq.feet in New Ulm has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.32. In the following month the price per sq.feet fell to $1.14. In the following two months the price per sq.feet has practically remained the same, going from $1.23 to $1.2 per sq.feet. The price per sq.feet has had a considerable fall of 64 % 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 $1.22 to $0.77 during February, and March.

When referring to the price in New Ulm (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $979. In November This price remains at $956. In the following two months the average price has hardly changed with regard to the previous two months from $967.5 to $939. During the last two months the average price has fallen greatly compared to the previous four going from $953.25 to $620.5, which means a 65 % fall.

The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $693 they are 15 % more affordable than the average price for New Ulm . The properties with the highest average price have 2 bedrooms, Their price is 14 % more expensive than the average. After that we have properties with 1 bedroom priced at $594.

With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $0.78 / sq.feet, with an average $0.8 / sq.feet price in New Ulm. The properties with the most expensive average prices have 2 bedrooms. They are 4 % more expensive than the average followed by properties with 1 bedroom with a price at $0.78 / sq.feet.

According to average price per property type in New Ulm, "" priced at $586 is 15 % lower than the average price ($693) in this city.