The rent prices in real estate in Commerce City, 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 Commerce City has risen strongly during the last 6 months. In May, the average price per sq.feet was $1.32. In the following month the price per sq.feet fell to $1.17. The price for the following two months in (July, August) had a considerable rise of 2665 %. The price per sq.feet has had a considerable fall of 62 % 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 $17.21 to $10.72 during September, and October.
When referring to the price in Commerce City (cities), there have hardly been any changes in the last 6 months. In our first sample month during May, the average price is $2,016. In June This price remains at $1,923. In the following two months the average price has hardly changed with regard to the previous two months from $1,969.5 to $2,056.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 95 %, going from $2,013 to $1,909 in September and October.
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 $1,855 they are 41 % more affordable than the average price for Commerce City . The properties with the highest average price have 4 bedrooms, Their price is 28 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,885.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.09 / sq.feet, with an average $1.47 / sq.feet price in Commerce City. The properties with the most expensive average prices have 1 bedroom. They are 20 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.66 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,855 it is 19 % 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 "Duplex" followed by "Condo". At a price of $2,023 it is 12 % 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 $1.35 / sq.feet followed by "House" priced at $1.67 / sq.feet. "Townhouse" is the most expensive type of property with a $6 / sq.feet value followed by "Duplex" with an average price of $1.97 / sq.feet.