Property prices for rent in Sioux Falls (South Dakota)
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.
