The rent prices in real estate in Poncha Springs, in the Colorado region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Poncha Springs has had a strong fall during the last 6 months. In November, the average price per sq.feet was $1.84. In December this price barely changed remaining at $1.79 per sq.feet. The price for the following two months in (January, February) had a considerable fall of 53 with regard to the previous two months. The price per sq.feet has had a considerable fall of 36 % 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 $1.39 to $0.5 during March, and April.
When referring to the price in Poncha Springs (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $2,028. In December This price remains at $2,014. During the following two months (January, February) the average price fell 89 % 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 105 % 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 $2,075 they are 41 % more affordable than the average price for Poncha Springs . Based on the bedrooms values, properties with the most expensive rent prices are those with 3 bedrooms. They are 18 % more expensive than the average aforementioned.