The rent prices in real estate in Santa Teresa, in the New Mexico region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Santa Teresa has fallen during the last 6 months. In September, the average price per sq.feet was $1.46. In the following month the price per sq.feet fell to $1.36. In the following two months the price per sq.feet has practically remained the same, going from $1.41 to $1.36 per sq.feet. The price per sq.feet has fallen 85 % 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 $1.38 to $1.18 during January, and February.
When referring to the price in Santa Teresa (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $2,143. In October This price remains at $2,196. In the following two months the average price has hardly changed with regard to the previous two months from $2,169.5 to $2,116. 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 $2,142.75 and $2,055.5 between January and February.
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 $2,031 they are 54 % more affordable than the average price for Santa Teresa . The properties with the lowest average price have 1 bedroom, Their price is 53 % more affordable than the average. After that we have properties with 2 bedrooms priced at $944.
According to average price per property type in Santa Teresa, "" priced at $944 is 54 % lower than the average price ($2,031) in this city.