The rent prices in real estate in Albuquerque, in the New Mexico region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Albuquerque has risen strongly during the last 6 months. In June, the average price per sq.feet was $1.19. In July this price barely changed remaining at $1.18 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.18 to $1.22 per sq.feet. The price per sq.feet has had a considerable rise of 398 % 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 $1.2 to $4.78 during October, and November.
When referring to the price in Albuquerque (cities), this has risen in the last 6 months. In our first sample month during June, the average price is $813. In July This price remains at $820. During the following two months (August, September) the price has had an average rise from $816.5 to $871. Based on an analysis of the first four prices and the last two months the average price has increased 110 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of $918 they are 1 % more expensive than the average price for Albuquerque. Following this ranking we find those properties with 2 at an average price of $1,119. The properties with the highest average price have 4 bedrooms, Their price is 76 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,572.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.84 / sq.feet, with an average $8.37 / sq.feet price in Albuquerque. The properties with the most expensive average prices have 2 bedrooms. They are 165 % more expensive than the average followed by properties with 1 bedroom with a price at $19.2 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $918 it is 11 % more affordable than the average price in Albuquerque. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $1,192 it is 51 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.02 / sq.feet followed by "House" priced at $3.36 / sq.feet. "Townhouse" is the most expensive type of property with a $67 / sq.feet value followed by "House" with an average price of $3.36 / sq.feet.