The rent prices in real estate in Silver City, in the New Mexico region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Silver City has risen during the last 6 months. In August, the average price per sq.feet was $0.76. In the following month the price per sq.feet fell to $0.68. The price for the following two months in (October, November) had a considerable rise of 117 %. The price per sq.feet has risen 112 % 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 $0.78 to $0.88 during December, and January.
When referring to the price in Silver City (cities), this has fallen considerably in the last 6 months. The average price for August is $1,275. During September the price had a slight fall till $1,146. During the following two months (October, November) the average price had a considerable fall of 72 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 89 %, going from $1,043 to $928 in December and January.
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 $919 they are 22 % more affordable than the average price for Silver City . The properties with the highest average price have 2 bedrooms, Their price is 26 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,142.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.68 / sq.feet, with an average $0.94 / sq.feet price in Silver City. The properties with the most expensive average prices have 4 bedrooms. They are 1602 % more expensive than the average followed by properties with 1 bedroom with a price at $1.1 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $919 it is 3 % more affordable than the average price in Silver City. "Commercial" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Commercial". At a price of $1,008 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Commercial" at an average price of $11 / sq.feet followed by "House" priced at $16 / sq.feet. "House" is the most expensive type of property with a $16 / sq.feet value followed by "Commercial" with an average price of $11 / sq.feet.