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 February, the average price per sq.feet was $1.27. In March this price barely changed remaining at $1.32 per sq.feet. The price for the following two months in (April, May) had a considerable fall of 85 with regard to the previous two months. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $1.2 to $1.25 during June y July
When referring to the price in Prior Lake (cities), this has risen in the last 6 months. The average price for February is $1,409. During March the price had a slight fall till $1,330. During the following two months (April, May) the price has had an average rise from $1,369.5 to $1,499. Based on an analysis of the first four prices and the last two months the average price has increased 113 % during the last two months.
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 $1,656 they are 40 % more affordable than the average price for Prior Lake . The properties with the highest average price have 4 bedrooms, Their price is 35 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,804.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.23 / sq.feet price in Prior Lake. The properties with the most expensive average prices have 2 bedrooms. They are 469 % more expensive than the average followed by properties with 1 bedroom with a price at $5 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,656 it is 16 % more affordable than the average price in Prior Lake. "" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $1,393 it is 13 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $5 / sq.feet. "House" at an average price of $5 / sq.feet has the highest price and would be directed at more affluent cities.