The rent prices in real estate in Colorado Springs, in the Colorado 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 Colorado Springs has fallen during the last 6 months. In October, the average price per sq.feet was $1.8. In November this price barely changed remaining at $1.75 per sq.feet. The price for the following two months in (December, January) fell 94 % with regard to the previous two months. The price per sq.feet has fallen 95 % 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 $1.72 to $1.63 during February, and March.
When referring to the price in Colorado Springs (cities), there have hardly been any changes in the last 6 months. The rent price in October is $1,704, rising in November till $1,850. In the following two months the average price has hardly changed with regard to the previous two months from $1,777 to $1,735.5. 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 $1,756.25 and $1,684.5 between February and March.
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 $1,684 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 48 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,180.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.11 / sq.feet, with an average $1.62 / sq.feet price in Colorado Springs. The properties with the most expensive average prices have 1 bedroom. They are 25 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.61 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,684 it is 15 % more affordable than the average price in Colorado Springs. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $2,048 it is 29 % 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 $1.27 / sq.feet followed by "Townhouse" priced at $1.49 / sq.feet. "House" is the most expensive type of property with a $1.81 / sq.feet value followed by "Land" with an average price of $1.6 / sq.feet.