Property prices for rent in Las Cruces (New Mexico)
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 November, the average price per sq.feet was $0.88. In the following month the price per sq.feet rose considerably to $1.11. The price for the following two months in (January, February) had a considerable rise of 116 %. The price per sq.feet has risen 111 % 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 $1.07 to $1.2 during March, and April.
When referring to the price in Las Cruces (cities), this has risen considerably in the last 6 months. The average price during our first sample month during November, is $1,029. During December the price went through a considerable rise reaching $1,485. During the following two months (January, February) the average price had a considerable rise of 116 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 107 % during the last two months.
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 $1,475 they are 33 % more affordable than the average price for Las Cruces . The properties with the highest average price have 4 bedrooms, Their price is 44 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,504.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.95 / sq.feet, with an average $1.17 / sq.feet price in Las Cruces. The properties with the most expensive average prices have 1 bedroom. They are 23 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.17 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,475 it is 50 % more affordable than the average price in Las Cruces. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,402 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 $1.02 / sq.feet followed by "Apartment" priced at $1.13 / sq.feet. "Condo" is the most expensive type of property with a $1.42 / sq.feet value followed by "Apartment" with an average price of $1.13 / sq.feet.
