The rent prices in real estate in Fort Morgan, 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 Fort Morgan has risen strongly during the last 6 months. In March, the average price per sq.feet was $1. In the following month the price per sq.feet rose considerably to $1.74. The price for the following two months in (May, June) had a considerable rise of 120 %. The price per sq.feet has had a considerable fall of 66 % 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 $1.51 to $1 during July, and August.
When referring to the price in Fort Morgan (cities), this has risen in the last 6 months. In our first sample month during March, the average price is $1,196. In April This price remains at $1,249. During the following two months (May, June) the price has had an average rise from $1,222.5 to $1,285. Based on an analysis of the first four prices and the last two months the average price has increased 106 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 17 % more expensive than the average price of $1,452 in Fort Morgan. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 17 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 2100 % more expensive than the average price of ($22 / sq.feet) in Fort Morgan. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 2100 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Duplex" as the most expensive one. At an cost of $1,245 it is 14 % more expensive than the average price in Fort Morgan. "Condo" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Condo". At a price of $1,424 it is 17 % 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 $8 / sq.feet followed by "House" priced at $22 / sq.feet. "Duplex" is the most expensive type of property with a $27 / sq.feet value followed by "House" with an average price of $22 / sq.feet.