The rent prices in real estate in Northfield, 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 Northfield has risen strongly during the last 6 months. In September, the average price per sq.feet was $1.22. In the following month the price per sq.feet rose considerably to $1.68. In the following two months the price per sq.feet has risen 113 %, going from $1.45 to $1.64 per sq.feet. The price per sq.feet has had a considerable rise of 121 % 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 $1.55 to $1.88 during January, and February.
When referring to the price in Northfield (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $1,408. In October This price remains at $1,402. In the following two months the average price has hardly changed with regard to the previous two months from $1,405 to $1,473.5. 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 $1,439.25 and $1,482.5 between 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 $1,507 they are 17 % more affordable than the average price for Northfield . The properties with the highest average price have 3 bedrooms, Their price is 70 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,486.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.86 / sq.feet price in Northfield. The properties with the most expensive average prices have 1 bedroom. They are 9 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.77 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,507 it is 42 % more affordable than the average price in Northfield. "Land" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,285 it is 58 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "House with an average cost of $1 / sq.feet. "House" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.