The rent prices in real estate in Rio Rancho, in the New Mexico 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 Rio Rancho has had a strong fall during the last 6 months. In November, the average price per sq.feet was $52.36. In the following month the price per sq.feet fell considerably to $1.1. The price for the following two months in (January, February) had a considerable fall of 4 with regard to the previous two months. The price per sq.feet has had a considerable fall of 8 % 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 $13.85 to $1.05 during March, and April.
When referring to the price in Rio Rancho (cities), this has risen in the last 6 months. In our first sample month during November, the average price is $1,452. In December This price remains at $1,477. During the following two months (January, February) the price has had an average rise from $1,464.5 to $1,662. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $1,563.25 to $1,466.5 in March and April.
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 $1,409 they are 25 % more affordable than the average price for Rio Rancho . The properties with the highest average price have 4 bedrooms, Their price is 8 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,462.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most expensive ones at a cost of $13 / sq.feet, with an average $1.13 / sq.feet price in Rio Rancho. The properties with the most expensive average prices have 2 bedrooms. They are 7599 % more expensive than the average followed by properties with 1 bedroom with a price at $20 / sq.feet.
According to average price per property type in Rio Rancho, "" priced at $1,393 is 1 % lower than the average price ($1,409) in this city.