The rent prices in real estate in Las Cruces, 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.
The price per sq.feet in Las Cruces has risen strongly during the last 6 months. In December, the average price per sq.feet was $0.82. In January this price barely changed remaining at $0.8 per sq.feet. In the following two months the price per sq.feet has risen 109 %, going from $0.81 to $0.88 per sq.feet. The price per sq.feet has had a considerable rise of 234 % 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 $0.85 to $1.98 during April, and May.
When referring to the price in Las Cruces (cities), there have hardly been any changes in the last 6 months. In our first sample month during December, the average price is $926. In January This price remains at $933. In the following two months the average price has hardly changed with regard to the previous two months from $929.5 to $968. 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 $948.75 and $948.5 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 $976 they are 14 % more affordable than the average price for Las Cruces . The properties with the highest average price have 4 bedrooms, Their price is 42 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,097.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.72 / sq.feet, with an average $2.32 / sq.feet price in Las Cruces. The properties with the most expensive average prices have 3 bedrooms. They are 30 % more expensive than the average followed by properties with 1 bedroom with a price at $2.6 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $976 it is 19 % more affordable than the average price in Las Cruces. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $968 it is 10 % 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 $0.82 / sq.feet followed by "Apartment" priced at $2.82 / sq.feet. "Condo" is the most expensive type of property with a $8.71 / sq.feet value followed by "Apartment" with an average price of $2.82 / sq.feet.