Property prices for rent in El Paso (Texas)
The rent prices in real estate in El Paso, in the Texas region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in El Paso has barely changed in the last 6 months. In October, the average price per sq.feet was $1.08. In November this price barely changed remaining at $1.04 per sq.feet. In the following two months the price per sq.feet has risen 105 %, going from $1.06 to $1.12 per sq.feet. The price per sq.feet has risen 105 % 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 $1.09 to $1.14 during February, and March.
When referring to the price in El Paso (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,483. In November This price remains at $1,540. During the following two months (December, January) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,465.5 and $1,413 between February and March.
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 $1,409 they are 39 % more affordable than the average price for El Paso . The properties with the highest average price have 4 bedrooms, Their price is 48 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,584.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.05 / sq.feet, with an average $1.17 / sq.feet price in El Paso. The properties with the most expensive average prices have 1 bedroom. They are 26 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.17 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,409 it is 36 % more affordable than the average price in El Paso. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Detached House". At a price of $1,667 it is 22 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Detached House" at an average price of $1 / sq.feet followed by "House" priced at $1.09 / sq.feet. "Apartment" is the most expensive type of property with a $1.53 / sq.feet value followed by "Land" with an average price of $1.2 / sq.feet.
