The rent prices in real estate in Taos, in the New Mexico region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Taos has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.9. In the following month the price per sq.feet rose to $2.02. The price for the following two months in (December, January) had a considerable fall of 53 with regard to the previous two months. The price per sq.feet has had a considerable rise of 334 % 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 $1.5 to $5 during February, and March.
When referring to the price in Taos (cities), this has risen in the last 6 months. In our first sample month during October, the average price is $2,053. In November This price remains at $2,152. During the following two months (December, January) the price has had an average rise from $2,102.5 to $2,306. 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 $2,204.25 and $2,305 between February and March.
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 $2,334 they are 50 % more affordable than the average price for Taos . Based on the bedrooms values, properties with the most expensive rent prices are those with 3 bedrooms. They are 27 % more expensive than the average aforementioned.