The rent prices in real estate in Santa Teresa, 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 Santa Teresa has had a strong fall during the last 6 months. In May, the average price per sq.feet was $7.81. In the following month the price per sq.feet fell considerably to $6.24. The price for the following two months in (July, August) had a considerable fall of 55 with regard to the previous two months. The price per sq.feet has had a considerable fall of 17 % 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 $5.46 to $0.92 during September, and October.
When referring to the price in Santa Teresa (cities), this has risen in the last 6 months. The rent price in May is $1,098, rising in June till $1,213. In the following two months the average price has hardly changed with regard to the previous two months from $1,155.5 to $1,147.5. 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 $1,151.5 and $1,198.5 between September and October.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 10 % more affordable than the average price of $992 in Santa Teresa. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 10 % more affordable than the average aforementioned.
According to average price per property type in Santa Teresa, "" priced at $992 is 10 % lower than the average price ($1,099) in this city.