The rent prices in real estate in Farmington, in the New Mexico 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 Farmington has risen during the last 6 months. In January, the average price per sq.feet was $0.82. In February this price barely changed remaining at $0.82 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $0.82 to $0.86 per sq.feet. The price per sq.feet has risen 107 % 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 $0.84 to $0.89 during May, and June.
When referring to the price in Farmington (cities), this has risen in the last 6 months. The rent price in January is $1,025, rising in February till $1,094. During the following two months (March, April) the price has had an average rise from $1,059.5 to $1,148. 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 $1,103.75 and $1,138.5 between May and June.
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 $1,153 they are 30 % more affordable than the average price for Farmington . The properties with the highest average price have 4 bedrooms, Their price is 71 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,177.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.75 / sq.feet, with an average $0.9 / sq.feet price in Farmington. The properties with the most expensive average prices have 1 bedroom. They are 57 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.92 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,153 it is 25 % more affordable than the average price in Farmington. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,136 it is 20 % 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 $0.8 / sq.feet followed by "Apartment" priced at $1.13 / sq.feet. "Apartment" is the most expensive type of property with a $1.13 / sq.feet value followed by "House" with an average price of $0.8 / sq.feet.