The average rent price in the Minnesota region has remained at pretty much the same value in recent months. Rent prices in this region have remained pretty much the same.
The price per sq.feet in Minnesota has barely changed in the last 6 months. During July, the average price per sq.feet was $1.66. The following month the price fell to $1.52 per sq.feet. The following two months (September, October) went through a rise of 109 % in the rent price per sq.feet rising from $1.59 to $1.73 per sq.feet. In the last two months, the price per sq.feet has risen 108 %. This has been obtained by comparing the price $1.66 for the first four months of the sample with regard to the previous 4 months and the price $1.79 per sq.feet for the last two months (November, December).
When referring to the price in Minnesota(region), this has risen in the last 6 months. In the first month sample July the average price is $1,272. In August the price remains at $1,235. The average price for the following two months (September, October) rose from $1,253.5 to $1,432.5. During the last two months the price has gone up 111 % compared to the previous average values going from $1,343 a $1,495.5 in November y December.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 6 % cheaper than the average price in Minnesota followed by those with 2 with an average price of $1,663. The most expensive properties have 4 bedrooms. They are 69 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,720.
Based on the average price per sq.feet those properties with 3 bedrooms are the most affordable ones with a price of $1.2 / sq.feet being $1.76 / sq.feet the average for Minnesota. The properties with the highest average price are those with 1 bedroom. These are 12 % more expensive than the average followed by those with 2 bedrooms with a price of $1.6 / sq.feet.
The graph displaying the average rent price according to the property type shows "" as the most affordable one. With an average cost of $1,409 it is 28 % cheaper than the average in Minnesota. This is followed by "House" with a cost of $1,197. The most expensive property type is "Condo" and is 34 % more costly than the average, followed by "Townhouse" with a cost of $1,750.
Based upon the average cost per sq.feet the most affordable property type is "Townhouse with a an average price of $1.67 / sq.feet, followed by "House" with a price of $1.72 / sq.feet. "Condo" with an average price of $27.16 / sq.feet is the most expensive type of property followed by "House" at a price of $1.72 / sq.feet.