The average rent price in the South Dakota region has had a strong fall in recent months. There has been a strong fall in the rent prices in this region.
The price per sq.feet in South Dakota has fallen considerably in the last 6 months. During June, the average price per sq.feet was $5.83. The following month (July) the price rose to $6.44 per sq.feet. The following two months (August, September) went through a considerable fall of 15 % in the rent price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant fall of 26 %. This has been obtained by comparing the price of $3.52 for the first four months of the sample with regard to the previous 4 months and the price of $0.92 per sq.feet for the last two months (October, November).
When referring to the price in South Dakota(region), there have hardly been any changes in the last 6 months. In the first month sample June the average price is $992. In July the price remains at $1,002. In the following two months the average price practically remained the same compared to the previous two going from $997 to $1,018. During the last two months the average price has not gone through any changes and has gone from $1,007.5 to $982 during October and November.
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 14 % cheaper than the average price in South Dakota followed by those with 2 with an average price of $904. The most expensive properties have 4 bedrooms. They are 55 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,208.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $0.7 / sq.feet being $0.92 / sq.feet the average for South Dakota. The properties with the highest average price are those with 1 bedroom. These are 20 % more expensive than the average followed by those with 2 bedrooms with a price of $0.9 / sq.feet.
The graph displaying the average rent price according to the property type shows "House" as the most affordable one. With an average cost of $928 it is 8 % cheaper than the average in South Dakota. This is followed by "" with a cost of $979. The most expensive property type is "Commercial" and is 28 % more costly than the average, followed by "" with a cost of $979.
Based upon the average cost per sq.feet the most affordable property type is "Commercial with a an average price of $0.81 / sq.feet, followed by "House" with a price of $0.98 / sq.feet. "House" with an average price of $0.98 / sq.feet is the most expensive type of property followed by "Commercial" at a price of $0.81 / sq.feet.