The rent prices in real estate in St. Louis Park, 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 St. Louis Park has had a strong fall during the last 6 months. In November, the average price per sq.feet was $2.17. In the following month the price per sq.feet fell to $2.03. The price for the following two months in (January, February) had a considerable fall of 82 with regard to the previous two months. The price per sq.feet has fallen 93 % 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 $1.91 to $1.76 during March, and April.
When referring to the price in St. Louis Park (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $1,757. In December This price remains at $1,684. During the following two months (January, February) the average price had a considerable fall of 79 % with regard to the previous two months. 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 $1,541.75 and $1,470.5 between March and April.
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 $1,487 they are 7 % more affordable than the average price for St. Louis Park . Based on the bedrooms values, properties with the most expensive rent prices are those with 3 bedrooms. They are 79 % more expensive than the average aforementioned.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.66 / sq.feet, with an average $1.72 / sq.feet price in St. Louis Park. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 3 bedrooms. They are 12 % more expensive than the average value aforementioned.