The rent prices in real estate in Storm Lake, in the Iowa 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 Storm Lake has risen strongly during the last 6 months. In October, the average price per sq.feet was $0.31. In the following month the price per sq.feet rose considerably to $0.43. The price for the following two months in (December, January) had a considerable rise of 255 %. The price per sq.feet has had a considerable rise of 138 % 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 $0.66 to $0.91 during February, and March.
When referring to the price in Storm Lake (cities), this has risen considerably in the last 6 months. The average price for October is $481. During November the price had a considerable fall till $374. During the following two months (December, January) the average price had a considerable rise of 169 % 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 131 % 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 $771 they are 19 % more affordable than the average price for Storm Lake . Based on the bedrooms values, properties with the most affordable rent prices are those with 3 bedrooms. They are 7 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 11 % more expensive than the average price of ($1 / sq.feet) in Storm Lake. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 11 % more expensive than the average value aforementioned.