Property prices for rent in Gallup (New Mexico)

The rent prices in real estate in Gallup, in the New Mexico region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

$1,015.83
Average price last 6 months
$24.08
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Gallup has risen strongly during the last 6 months. In September, the average price per sq.feet was $0.88. In the following month the price per sq.feet rose considerably to $139.67. The price for the following two months in (November, December) had a considerable fall of 1 with regard to the previous two months. The price per sq.feet has had a considerable fall of 3 % 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 $35.61 to $1.01 during January, and February.

Average price

When referring to the price in Gallup (cities), this has risen in the last 6 months. The average price during our first sample month during September, is $951. During October the price went through a considerable rise reaching $1,318. During the following two months (November, December) the average price fell 85 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $1,049.75 to $948 in January and February.

Average price per bedrooms

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 $912 they are 13 % more affordable than the average price for Gallup . The properties with the highest average price have 3 bedrooms, Their price is 22 % more expensive than the average. After that we have properties with 2 bedrooms priced at $943.

With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $0.91 / sq.feet, with an average $1.02 / sq.feet price in Gallup. The properties with the most expensive average prices have 1 bedroom. They are 2 % more expensive than the average followed by properties with 3 bedrooms with a price at $1 / sq.feet.

Price per property type

According to average price per property type in Gallup, "" priced at $866 is 5 % lower than the average price ($912) in this city.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in Gallup
Number of properties used in region New Mexico
$912
$1.02
146
25,412
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value