The rent prices in real estate in Sioux Falls, in the South Dakota 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 Sioux Falls has fallen during the last 6 months. In August, the average price per sq.feet was $1. In September this price barely changed remaining at $0.95 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $0.98 to $0.95 per sq.feet. The price per sq.feet has fallen 94 % 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 $0.96 to $0.9 during December, and January.
When referring to the price in Sioux Falls (cities), there have hardly been any changes in the last 6 months. In our first sample month during August, the average price is $770. In September This price remains at $800. In the following two months the average price has hardly changed with regard to the previous two months from $785 to $810.5. 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 $797.75 and $797 between December and January.
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 $784 they are 6 % more affordable than the average price for Sioux Falls . The properties with the highest average price have 4 bedrooms, Their price is 83 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,031.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.82 / sq.feet, with an average $0.92 / sq.feet price in Sioux Falls. The properties with the most expensive average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.85 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $784 it is 1 % more affordable than the average price in Sioux Falls. "Condo" is seen as the second most affordable property type. The most expensive property type is "" followed by "Condo". At a price of $816 it is 10 % 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 $0.9 / sq.feet followed by "House" priced at $0.92 / sq.feet. "House" is the most affordable type of property with a $0.92 / sq.feet value followed by "Condo" with an average price of $0.9 / sq.feet.