The rent prices in real estate in Owatonna, 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 Owatonna has had a strong fall during the last 6 months. In June, the average price per sq.feet was $8.98. In the following month the price per sq.feet fell to $8.1. The price for the following two months in (August, September) had a considerable fall of 12 with regard to the previous two months. The price per sq.feet has had a considerable fall of 21 % 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 $4.76 to $0.98 during October, and November.
When referring to the price in Owatonna (cities), this has risen in the last 6 months. The average price for June is $996. During July the price had a slight fall till $870. During the following two months (August, September) the average price had a considerable rise of 116 % 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 120 % 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 $1,314 they are 45 % more affordable than the average price for Owatonna . The properties with the highest average price have 3 bedrooms, Their price is 6 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,328.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $1.13 / sq.feet, with an average $0.99 / sq.feet price in Owatonna. The properties with the most expensive average prices have 1 bedroom. They are 38 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.13 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,314 it is 33 % more affordable than the average price in Owatonna. "" is seen as the second most affordable property type. The most affordable property is "" followed by "Apartment". At a price of $879 it is 2 % more affordable than the average price.
According to the average area price by sq.feet the most expensive property type is "Apartment with an average cost of $1 / sq.feet. "Apartment" at an average price of $1 / sq.feet has the highest price and would be directed at more affluent cities.