The rent prices in real estate in Saint Paul, in the Minnesota region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Saint Paul has risen strongly during the last 6 months. In September, the average price per sq.feet was $1.84. In October this price barely changed remaining at $1.8 per sq.feet. The price for the following two months in (November, December) had a considerable rise of 315 %. The price per sq.feet has risen 113 % 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 $3.78 to $4.26 during January, and February.
When referring to the price in Saint Paul (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $1,349. In October This price remains at $1,366. In the following two months the average price has hardly changed with regard to the previous two months from $1,357.5 to $1,343.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,350.5 and $1,324 between January and February.
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 $1,371 they are 6 % more affordable than the average price for Saint Paul . The properties with the highest average price have 4 bedrooms, Their price is 60 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,135.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.52 / sq.feet, with an average $6.78 / sq.feet price in Saint Paul. The properties with the most expensive average prices have 2 bedrooms. They are 27 % more expensive than the average followed by properties with 1 bedroom with a price at $6.46 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,371 it is 19 % more affordable than the average price in Saint Paul. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $1,552 it is 20 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.34 / sq.feet followed by "House" priced at $1.74 / sq.feet. "Townhouse" is the most expensive type of property with a $59.01 / sq.feet value followed by "House" with an average price of $1.74 / sq.feet.