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 October, the average price per sq.feet was $1.18. In the following month the price per sq.feet rose considerably to $8.37. The price for the following two months in (December, January) had a considerable fall of 47 with regard to the previous two months. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $3.51 to $3.37 during February y March
When referring to the price in Albuquerque (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is $931. In November This price remains at $918. In the following two months the average price has hardly changed with regard to the previous two months from $924.5 to $916.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 86 %, going from $920.5 to $792.5 in February and March.
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 $779 they are 4 % more expensive than the average price for Albuquerque. Following this ranking we find those properties with 2 at an average price of $958. The properties with the highest average price have 4 bedrooms, Their price is 157 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,509.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.56 / sq.feet price in Albuquerque. The properties with the most expensive average prices have 2 bedrooms. They are 112 % more expensive than the average followed by properties with 1 bedroom with a price at $2.53 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $779 it is 8 % more affordable than the average price in Albuquerque. "Condo" is seen as the second most affordable property type. The most expensive property type is "" followed by "Townhouse". At a price of $1,556 it is 118 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.44 / sq.feet followed by "Condo" priced at $83.4 / sq.feet. "Townhouse" is the most expensive type of property with a $84.77 / sq.feet value followed by "Condo" with an average price of $83.4 / sq.feet.