The rent prices in real estate in Las Cruces, in the New Mexico region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Las Cruces has risen during the last 6 months. In November, the average price per sq.feet was $0.87. In December this price barely changed remaining at $0.9 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $0.88 to $0.91 per sq.feet. The price per sq.feet has had a considerable rise of 118 % 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 $0.9 to $1.06 during March, and April.
When referring to the price in Las Cruces (cities), this has risen in the last 6 months. The average price during our first sample month during November, is $872. During December the price went through a considerable rise reaching $1,032. During the following two months (January, February) the price has had an average rise from $952 to $1,003.5. 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 $977.75 and $954 between March and April.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $898 they are 7 % more affordable than the average price for Las Cruces . The properties with the highest average price have 3 bedrooms, Their price is 53 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,261.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $0.84 / sq.feet, with an average $1.15 / sq.feet price in Las Cruces. The properties with the most expensive average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 3 bedrooms with a price at $0.89 / sq.feet.
According to average price per property type in Las Cruces, "" priced at $823 is 8 % lower than the average price ($898) in this city.