The rent prices in real estate in Zimmerman, 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 Zimmerman has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.33. In the following month the price per sq.feet fell considerably to $1.1. In the following two months the price per sq.feet has practically remained the same, going from $1.22 to $1.21 per sq.feet. The price per sq.feet has had a considerable fall of 82 % 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 $1.21 to $1 during February, and March.
When referring to the price in Zimmerman (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,475. In November This price remains at $1,486. In the following two months the average price has hardly changed with regard to the previous two months from $1,480.5 to $1,459. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $1,469.75 to $1,328.5 in February and March.
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 $1,311 they are 12 % more affordable than the average price for Zimmerman . The properties with the lowest average price have 1 bedroom, Their price is 5 % more affordable than the average. After that we have properties with 2 bedrooms priced at $1,157.
According to average price per property type in Zimmerman, "" priced at $1,157 is 12 % lower than the average price ($1,311) in this city.