Property prices for rent in Pelican Rapids (Minnesota)
The rent prices in real estate in Pelican 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 Pelican Rapids has had a strong fall during the last 6 months. In November, the average price per sq.feet was $1.14. In December this price barely changed remaining at $1.14 per sq.feet. The price for the following two months in (January, February) had a considerable fall of 49 with regard to the previous two months. The price per sq.feet has had a considerable rise of 134 % 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 $0.85 to $1.14 during March, and April.
When referring to the price in Pelican Rapids (cities), this has fallen in the last 6 months. In our first sample month during November, the average price is $1,045. In December This price remains at $1,045. During the following two months (January, February) the average price fell 93 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 88 %, going from $1,006.75 to $883.5 in March and April.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $928 they are 31 % more affordable than the average price for Pelican Rapids . The properties with the highest average price have 3 bedrooms, Their price is 5 % more expensive than the average. After that we have properties with 2 bedrooms priced at $829.
With regard to the average prices per sq.feet those properties with 1 bedroom are 16 % more affordable than the average price of ($1 / sq.feet) in Pelican Rapids. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 16 % more affordable than the average value aforementioned.
According to average price per property type in Pelican Rapids, "" priced at $639 is 31 % lower than the average price ($928) in this city.
