The rent prices in real estate in Rockford, in the Minnesota 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 Rockford has had a strong fall during the last 6 months. In September, the average price per sq.feet was $1.24. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (November, December) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has fallen 89 % 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 $0.56 to $0.5 during January, and February.
When referring to the price in Rockford (cities), this has risen in the last 6 months. The average price during our first sample month during September, is $1,899. During October the price went through a considerable rise reaching $2,630. During the following two months (November, December) the average price had a considerable fall of 72 % 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 119 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $3,277 they are 60 % more affordable than the average price for Rockford . The properties with the lowest average price have 1 bedroom, Their price is 60 % more affordable than the average. After that we have properties with 2 bedrooms priced at $1,304.
According to average price per property type in Rockford, "" priced at $1,321 is 60 % lower than the average price ($3,277) in this city.