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 August, the average price per sq.feet was $1.01. In the following month the price per sq.feet fell considerably to . The price for the following two months in (October, November) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has had a considerable rise of 198 % 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 $0.25 to $0.5 during December, and January.
When referring to the price in Pelican Rapids (cities), this has fallen in the last 6 months. In our first sample month during August, the average price is $912. In September This price remains at $919. During the following two months (October, November) the average price had a considerable fall of 85 % 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 93 %, going from $844.75 to $784 in December and January.
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 $874 they are 33 % more affordable than the average price for Pelican Rapids . The properties with the highest average price have 3 bedrooms, Their price is 13 % more expensive than the average. After that we have properties with 2 bedrooms priced at $839.
According to average price per property type in Pelican Rapids, "" priced at $649 is 26 % lower than the average price ($874) in this city.
