The rent prices in real estate in Valley City, in the North Dakota 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 Valley City has had a strong fall during the last 6 months. In April, the average price per sq.feet was $11. In the following month the price per sq.feet fell considerably to $0.64. The price for the following two months in (June, July) had a considerable fall of 12 with regard to the previous two months. The price per sq.feet has had a considerable fall of 55 % 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 $3.25 to $1.8 during August, and September.
When referring to the price in Valley City (cities), there have hardly been any changes in the last 6 months. In our first sample month during April, the average price is $525. In May This price remains at $538. In the following two months the average price has hardly changed with regard to the previous two months from $531.5 to $511. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $521.25 to $484.5 in August and September.
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 $491 they are 11 % more affordable than the average price for Valley City . The properties with the highest average price have 3 bedrooms, Their price is 19 % more expensive than the average. After that we have properties with 2 bedrooms priced at $509.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $0.89 / sq.feet, with an average $2.74 / sq.feet price in Valley City. The properties with the most expensive average prices have 2 bedrooms. They are 137 % more expensive than the average followed by properties with 1 bedroom with a price at $0.89 / sq.feet.
According to average price per property type in Valley City, "" priced at $586 is 19 % more expensive than the average price ($491) in this city.