The rent prices in real estate in Commerce City, in the Colorado region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Commerce City has had a strong fall during the last 6 months. In December, the average price per sq.feet was $21.76. In the following month the price per sq.feet fell considerably to $17.56. In the following two months the price per sq.feet has risen 113 %, going from $19.66 to $22.19 per sq.feet. The price per sq.feet has had a considerable fall of 28 % 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 $20.93 to $5.93 during April, and May.
When referring to the price in Commerce City (cities), this has fallen in the last 6 months. The rent price in December is $2,021, rising in January till $2,130. During the following two months (February, March) the average price fell 89 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $1,958.5 to $1,830 in April and May.
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 $1,833 they are 53 % more affordable than the average price for Commerce City . The properties with the highest average price have 4 bedrooms, Their price is 32 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,270.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.56 / sq.feet price in Commerce City. The properties with the most expensive average prices have 1 bedroom. They are 72 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.53 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,833 it is 26 % more affordable than the average price in Commerce City. "" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $1,925 it is 31 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1 / sq.feet followed by "Townhouse" priced at $80 / sq.feet. "Townhouse" is the most expensive type of property with a $80 / sq.feet value followed by "House" with an average price of $1 / sq.feet.