The rent prices in real estate in Canon City, 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 Canon City has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.05. In November this price barely changed remaining at $1.04 per sq.feet. The price for the following two months in (December, January) had a considerable rise of 134 %. The price per sq.feet has had a considerable rise of 1321 % 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 $1.22 to $16.15 during February, and March.
When referring to the price in Canon City (cities), this has fallen in the last 6 months. The average price for October is $1,575. During November the price had a slight fall till $1,418. During the following two months (December, January) the average price had a considerable fall of 75 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 117 % 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 $1,657 they are 59 % more affordable than the average price for Canon City . The properties with the lowest average price have 2 bedrooms, Their price is 1 % more affordable than the average. After that we have properties with 3 bedrooms priced at $1,140.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $20 / sq.feet, with an average $31.29 / sq.feet price in Canon City. The properties with the most expensive average prices have 2 bedrooms. They are 92 % more expensive than the average followed by properties with 4 bedrooms with a price at $20 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,657 it is 50 % more affordable than the average price in Canon City. "Cabin" is seen as the second most affordable property type. The most affordable property is "House" followed by "Cabin". At a price of $987 it is 40 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "Cabin" at an average price of $15 / sq.feet followed by "House" priced at $20 / sq.feet. "House" is the most affordable type of property with a $20 / sq.feet value followed by "Cabin" with an average price of $15 / sq.feet.