The rent prices in real estate in Denver, 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 Denver has risen strongly during the last 6 months. In February, the average price per sq.feet was $2.02. In the following month the price per sq.feet rose considerably to $2.87. In the following two months the price per sq.feet has practically remained the same, going from $2.44 to $2.49 per sq.feet. The price per sq.feet has had a considerable rise of 131 % 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 $2.47 to $3.22 during June, and July.
When referring to the price in Denver (cities), this has risen considerably in the last 6 months. The average price during our first sample month during February, is $1,624. During March the price went through a considerable rise reaching $1,985. During the following two months (April, May) the price has had an average rise from $1,804.5 to $1,980. 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 $1,892.25 and $1,913.5 between June and July.
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 $1,894 they are 6 % more affordable than the average price for Denver . The properties with the highest average price have 4 bedrooms, Their price is 42 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,495.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $5.62 / sq.feet, with an average $3.53 / sq.feet price in Denver. The properties with the most expensive average prices have 4 bedrooms. They are 135 % more expensive than the average followed by properties with 1 bedroom with a price at $7.18 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of $1,894 it is 49 % more affordable than the average price in Denver. "Condo" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of $1,967 it is 56 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $4.38 / sq.feet followed by "Condo" priced at $8.15 / sq.feet. "Townhouse" is the most expensive type of property with a $161.06 / sq.feet value followed by "Office" with an average price of $10 / sq.feet.