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 June, the average price per sq.feet was $14.17. In the following month the price per sq.feet rose to $15.67. The price for the following two months in (August, September) had a considerable fall of 12 with regard to the previous two months. The price per sq.feet has had a considerable fall of 19 % 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 $8.32 to $1.61 during October, and November.
When referring to the price in Commerce City (cities), this has fallen in the last 6 months. In our first sample month during June, the average price is $2,444. In July This price remains at $2,323. In the following two months the average price has hardly changed with regard to the previous two months from $2,383.5 to $2,442. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $2,412.75 to $2,183.5 in October and November.
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 $2,105 they are 54 % more affordable than the average price for Commerce City . The properties with the highest average price have 3 bedrooms, Their price is 25 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,506.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.54 / sq.feet price in Commerce City. The properties with the most expensive average prices have 1 bedroom. They are 30 % more expensive than the average followed by properties with 2 bedrooms with a price at $1 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $2,105 it is 22 % more affordable than the average price in Commerce City. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,945 it is 27 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $1 / sq.feet followed by "Mobile Home" priced at $10 / sq.feet. "Townhouse" is the most expensive type of property with a $17 / sq.feet value followed by "Mobile Home" with an average price of $10 / sq.feet.