The rent prices in real estate in Pequot Lakes, in the Minnesota region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Pequot Lakes has risen strongly during the last 6 months. In October, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to $0.82. The price for the following two months in (December, January) had a considerable rise of 216 %. The price per sq.feet has had a considerable fall of 77 % 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 $0.65 to $0.5 during February, and March.
When referring to the price in Pequot Lakes (cities), this has risen in the last 6 months. The average price during our first sample month during October, is $670. During November the price went through a considerable rise reaching $775. During the following two months (December, January) the average price had a considerable rise of 116 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $780.25 to $654.5, which means a 84 % fall.
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 $696 they are 3 % more affordable than the average price for Pequot Lakes . The properties with the highest average price have 4 bedrooms, Their price is 91 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,164.
According to average price per property type in Pequot Lakes, "" priced at $1,331 is 91 % more expensive than the average price ($696) in this city.