Property prices for rent in Park Rapids (Minnesota)
The rent prices in real estate in Park Rapids, 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 Park Rapids has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1. In the following month the price per sq.feet rose to $1.08. In the following two months the price per sq.feet has practically remained the same, going from $1.04 to $1.02 per sq.feet. The price per sq.feet has had a considerable fall of 51 % 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 $1.03 to $0.53 during February, and March.
When referring to the price in Park Rapids (cities), this has risen in the last 6 months. The rent price in October is $785, rising in November till $845. During the following two months (December, January) the price has had an average rise from $815 to $875.5. 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 $845.25 and $845 between February and March.
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 $813 they are 13 % more affordable than the average price for Park Rapids . The properties with the highest average price have 2 bedrooms, Their price is 8 % more expensive than the average. After that we have properties with 3 bedrooms priced at $766.
According to average price per property type in Park Rapids, "" priced at $778 is 4 % lower than the average price ($813) in this city.
