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.