Property prices for rent in Rio Rancho (New Mexico)

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.

Average price last 6 months
Price/sq.feet last 6 months
Average price per sq.feet

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.

Average price

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.

Average price per bedrooms

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.

Price per property type

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.

Charts data
Average price April
Average price per sq.feet April
Number of properties used in Rio Rancho
Number of properties used in region New Mexico
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value