Property prices for rent in Albuquerque (New Mexico)
The rent prices in real estate in Albuquerque, in the New Mexico region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Albuquerque has fallen during the last 6 months. In March, the average price per sq.feet was $1.41. In the following month the price per sq.feet fell to $1.29. In the following two months the price per sq.feet has practically remained the same, going from $1.35 to $1.28 per sq.feet. 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 $1.32 to $1.29 during July y August
When referring to the price in Albuquerque (cities), there have hardly been any changes in the last 6 months. In our first sample month during March, the average price is $1,217. In April This price remains at $1,230. In the following two months the average price has hardly changed with regard to the previous two months from $1,223.5 to $1,201. Based on an analysis of the first four prices and the last two months the average price has increased 107 % during the last two months.
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 $1,345 they are 25 % more affordable than the average price for Albuquerque . The properties with the highest average price have 4 bedrooms, Their price is 88 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,045.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.25 / sq.feet, with an average $1.32 / sq.feet price in Albuquerque. The properties with the most expensive average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.42 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,345 it is 2 % more affordable than the average price in Albuquerque. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Condo". At a price of $1,525 it is 28 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $1.37 / sq.feet followed by "House" priced at $1.4 / sq.feet. "Commercial" is the most expensive type of property with a $63 / sq.feet value followed by "Townhouse" with an average price of $1.48 / sq.feet.
