The rent prices in real estate in Fort Collins, 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 Fort Collins has had a strong fall during the last 6 months. In December, the average price per sq.feet was $2.01. In the following month the price per sq.feet fell considerably to $1.43. The price for the following two months in (February, March) had a considerable fall of 80 with regard to the previous two months. The price per sq.feet has fallen 94 % 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 $1.55 to $1.45 during April, and May.
When referring to the price in Fort Collins (cities), this has risen in the last 6 months. In our first sample month during December, the average price is $1,545. In January This price remains at $1,602. During the following two months (February, March) the price has had an average rise from $1,573.5 to $1,713.5. 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 $1,643.5 and $1,573.5 between April and May.
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 $1,542 they are 33 % more affordable than the average price for Fort Collins . The properties with the highest average price have 4 bedrooms, Their price is 39 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,828.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.2 / sq.feet, with an average $1.48 / sq.feet price in Fort Collins. The properties with the most expensive average prices have 1 bedroom. They are 26 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.52 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,542 it is 22 % more affordable than the average price in Fort Collins. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $1,511 it is 0 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $1.53 / sq.feet followed by "House" priced at $1.71 / sq.feet. "Apartment" is the most expensive type of property with a $27 / sq.feet value followed by "House" with an average price of $1.71 / sq.feet.