Property prices for rent in Redwood Falls (Minnesota)

The price per sq.feet in Redwood Falls has risen strongly during the last 6 months. In October, the average price per sq.feet was $0.9. In November this price barely changed remaining at $0.87 per sq.feet. The price for the following two months in (December, January) had a considerable rise of 132 %. The price per sq.feet has had a considerable rise of 158 % 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 $1.02 to $1.62 during February, and March.

When referring to the price in Redwood Falls (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $497. During November the price went through a considerable rise reaching $886. During the following two months (December, January) the average price fell 91 % 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 177 % 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 $1,626 they are 20 % more affordable than the average price for Redwood Falls . Based on the bedrooms values, properties with the most expensive rent prices are those with 3 bedrooms. They are 51 % more expensive than the average aforementioned.

With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.88 / sq.feet, with an average $1.91 / sq.feet price in Redwood Falls. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 1 % more expensive than the average value aforementioned.