The rent prices in real estate in Pierre, in the South Dakota 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 Pierre has had a strong fall during the last 6 months. In April, the average price per sq.feet was $1.1. In the following month the price per sq.feet rose considerably to $1.28. The price for the following two months in (June, July) had a considerable fall of 45 with regard to the previous two months. The price per sq.feet has had a considerable rise of 130 % 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 $0.86 to $1.12 during August, and September.
When referring to the price in Pierre (cities), this has fallen considerably in the last 6 months. The rent price in April is $678, rising in May till $748. During the following two months (June, July) the average price had a considerable fall of 48 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 134 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $771 they are 13 % more affordable than the average price for Pierre . The properties with the highest average price have 1 bedroom, Their price is 8 % more expensive than the average. After that we have properties with 2 bedrooms priced at $743.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $0.87 / sq.feet, with an average $1.14 / sq.feet price in Pierre. The properties with the most expensive average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 3 bedrooms with a price at $1 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $771 it is 13 % more affordable than the average price in Pierre. "" is seen as the second most affordable property type. The most affordable property is "" followed by "Land". At a price of $670 it is 10 % more affordable than the average price.
According to the average area price by sq.feet the most affordable property type is "Land with an average cost of $1 / sq.feet. "Land" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.