The rent prices in real estate in Santa Fe, 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 Santa Fe has risen strongly during the last 6 months. In May, the average price per sq.feet was $1.69. In June this price barely changed remaining at $1.67 per sq.feet. The price for the following two months in (July, August) had a considerable rise of 251 %. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $2.95 to $2.96 during September y October
When referring to the price in Santa Fe (cities), this has fallen considerably in the last 6 months. The average price for May is $1,776. During June the price had a slight fall till $1,622. During the following two months (July, August) the average price had a considerable fall of 51 % 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 109 % 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 $1,804 they are 29 % more affordable than the average price for Santa Fe . The properties with the highest average price have 4 bedrooms, Their price is 80 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,683.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.59 / sq.feet, with an average $1.72 / sq.feet price in Santa Fe. The properties with the most expensive average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.67 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,804 it is 21 % more affordable than the average price in Santa Fe. "Townhouse" is seen as the second most affordable property type. The most affordable property is "House" followed by "Townhouse". At a price of $1,609 it is 10 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1 / sq.feet followed by "Townhouse" priced at $6 / sq.feet. "Townhouse" is the most expensive type of property with a $6 / sq.feet value followed by "House" with an average price of $1 / sq.feet.