The rent prices in real estate in El Paso, in the Texas region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in El Paso has risen during the last 6 months. In November, the average price per sq.feet was $1.04. In the following month the price per sq.feet rose to $1.13. In the following two months the price per sq.feet has practically remained the same, going from $1.09 to $1.11 per sq.feet. The price per sq.feet has risen 105 % 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 $1.1 to $1.15 during March, and April.
When referring to the price in El Paso (cities), this has fallen in the last 6 months. The average price for November is $1,540. During December the price had a slight fall till $1,435. During the following two months (January, February) the average price fell 95 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 105 % during the last two months.
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 $1,634 they are 47 % more affordable than the average price for El Paso . The properties with the highest average price have 4 bedrooms, Their price is 29 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,641.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.06 / sq.feet, with an average $1.14 / sq.feet price in El Paso. The properties with the most expensive average prices have 1 bedroom. They are 34 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.18 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,634 it is 23 % more affordable than the average price in El Paso. "Land" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,665 it is 3 % 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 $1.1 / sq.feet followed by "Condo" priced at $1.14 / sq.feet. "Land" is the most expensive type of property with a $1.18 / sq.feet value followed by "Condo" with an average price of $1.14 / sq.feet.