The rent prices in real estate in Colorado Springs, in the Colorado region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Colorado Springs has risen during the last 6 months. In January, the average price per sq.feet was $1.59. In February this price barely changed remaining at $1.66 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.62 to $1.65 per sq.feet. The price per sq.feet has risen 107 % 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 $1.64 to $1.75 during May, and June.
When referring to the price in Colorado Springs (cities), there have hardly been any changes in the last 6 months. The average price for January is $1,573. During February the price had a slight fall till $1,476. In the following two months the average price has hardly changed with regard to the previous two months from $1,524.5 to $1,549.5. Based on an analysis of the first four prices and the last two months the average price has increased 106 % 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 $1,607 they are 6 % more affordable than the average price for Colorado Springs . The properties with the highest average price have 4 bedrooms, Their price is 44 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,881.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.9 / sq.feet, with an average $1.78 / sq.feet price in Colorado Springs. The properties with the most expensive average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.62 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,607 it is 33 % more affordable than the average price in Colorado Springs. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $1,528 it is 27 % 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 $1.06 / sq.feet followed by "Townhouse" priced at $1.28 / sq.feet. "House" is the most affordable type of property with a $1.52 / sq.feet value followed by "Townhouse" with an average price of $1.28 / sq.feet.