Which value represents the mode of the monthly rentals?

The mode of a set of data is defined as the value that appears most frequently within that dataset. To determine the mode of monthly rentals, you would analyze the provided rental amounts to identify which value occurs the highest number of times.

In scenarios where only one value consistently appears more than the others, that value would be designated as the mode. If, in this particular dataset, the amount of $1,350 appears more frequently than any other rental amount listed, it would indeed be identified as the mode.

Understanding how to identify the mode is essential in appraisals since it provides insight into common price points in a market or dataset, which can affect property valuations and rental pricing strategies.