Property prices for rent in Santa Teresa (New Mexico)
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.
