The rent prices in real estate in Prior Lake, in the Minnesota region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Prior Lake has fallen during the last 6 months. In January, the average price per sq.feet was $1.48. In the following month the price per sq.feet fell to $1.39. The price for the following two months in (March, April) had a considerable fall of 82 with regard to the previous two months. The price per sq.feet has risen 114 % 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 $1.31 to $1.49 during May, and June.
When referring to the price in Prior Lake (cities), this has risen considerably in the last 6 months. The average price during our first sample month during January, is $1,303. During February the price went through a considerable rise reaching $1,690. During the following two months (March, April) the average price had a considerable rise of 129 % 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 $1,715.75 to $1,325, which means a 77 % 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 $1,357 they are 19 % more affordable than the average price for Prior Lake . The properties with the highest average price have 4 bedrooms, Their price is 63 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,547.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.31 / sq.feet, with an average $1.51 / sq.feet price in Prior Lake. The properties with the most expensive average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.49 / sq.feet.
According to average price per property type in Prior Lake, "" priced at $1,371 is 1 % more expensive than the average price ($1,357) in this city.