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.