The rent prices in real estate in Colorado Springs, 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 Colorado Springs has risen strongly during the last 6 months. In March, the average price per sq.feet was $1.17. In April this price barely changed remaining at $1.19 per sq.feet. The price for the following two months in (May, June) fell 93 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 632 % 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 $1.14 to $7.18 during July, and August.
When referring to the price in Colorado Springs (cities), there have hardly been any changes in the last 6 months. The average price for March is $1,595. During April the price had a slight fall till $1,500. In the following two months the average price has hardly changed with regard to the previous two months from $1,547.5 to $1,515.5. Based on an analysis of the first four prices and the last two months the average price has increased 108 % 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 $1,566 they are 23 % more affordable than the average price for Colorado Springs . The properties with the highest average price have 4 bedrooms, Their price is 41 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,724.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.7 / sq.feet, with an average $3.68 / sq.feet price in Colorado Springs. The properties with the most expensive average prices have 2 bedrooms. They are 31 % more expensive than the average followed by properties with 1 bedroom with a price at $3.56 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,566 it is 36 % more affordable than the average price in Colorado Springs. "Condo" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "". At a price of $1,921 it is 73 % 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 $1.1 / sq.feet followed by "House" priced at $1.3 / sq.feet. "Townhouse" is the most expensive type of property with a $173.33 / sq.feet value followed by "House" with an average price of $1.3 / sq.feet.