Property prices for rent in Silver City (New Mexico)
The rent prices in real estate in Silver City, 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 Silver City has had a strong fall during the last 6 months. In March, the average price per sq.feet was $1. In the following month the price per sq.feet fell considerably to . In the following two months the price per sq.feet has practically remained the same, going from $0.5 to $0.5 per sq.feet. The price per sq.feet has had a considerable rise of 165 % 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 $0.5 to $0.82 during July, and August.
When referring to the price in Silver City (cities), this has risen considerably in the last 6 months. The average price during our first sample month during March, is $617. During April the price went through a considerable rise reaching $1,184. During the following two months (May, June) the average price had a considerable rise of 133 % 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 had a strong increase of 125 % during the last two months.
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 $1,447 they are 50 % more affordable than the average price for Silver City . The properties with the highest average price have 3 bedrooms, Their price is 3 % more expensive than the average. After that we have properties with 4 bedrooms priced at $989.
With regard to the average prices per sq.feet those properties with 1 bedroom are 3926 % more expensive than the average price of ($31 / sq.feet) in Silver City. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 3926 % more expensive than the average value aforementioned.
According to average price per property type in Silver City, "" priced at $989 is 32 % lower than the average price ($1,447) in this city.
