The rent prices in real estate in Aurora, in the Colorado 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 Aurora has risen strongly during the last 6 months. In July, the average price per sq.feet was $1.7. In August this price barely changed remaining at $1.77 per sq.feet. The price for the following two months in (September, October) had a considerable rise of 174 %. The price per sq.feet has had a considerable rise of 380 % 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 $2.38 to $9.04 during November, and December.
When referring to the price in Aurora (cities), there have hardly been any changes in the last 6 months. In our first sample month during July, the average price is $1,464. In August This price remains at $1,473. In the following two months the average price has hardly changed with regard to the previous two months from $1,468.5 to $1,446.5. 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 $1,457.5 and $1,502.5 between November and December.
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 $1,512 they are 21 % more affordable than the average price for Aurora . The properties with the highest average price have 4 bedrooms, Their price is 57 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,104.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.22 / sq.feet, with an average $10.93 / sq.feet price in Aurora. The properties with the most expensive average prices have 3 bedrooms. They are 46 % more expensive than the average followed by properties with 1 bedroom with a price at $3.16 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,512 it is 6 % more affordable than the average price in Aurora. "Condo" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Villa". At a price of $2,102 it is 48 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Villa" at an average price of $1 / sq.feet followed by "Condo" priced at $1.4 / sq.feet. "Townhouse" is the most expensive type of property with a $43.61 / sq.feet value followed by "House" with an average price of $29.03 / sq.feet.