The rent prices in real estate in Wheat Ridge, in the Colorado 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 Wheat Ridge has had a strong fall during the last 6 months. In June, the average price per sq.feet was $5.11. In the following month the price per sq.feet rose considerably to $10.29. The price for the following two months in (August, September) had a considerable fall of 23 with regard to the previous two months. The price per sq.feet has had a considerable fall of 37 % 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 $4.74 to $1.75 during October, and November.
When referring to the price in Wheat Ridge (cities), there have hardly been any changes in the last 6 months. In our first sample month during June, the average price is $1,635. In July This price remains at $1,614. In the following two months the average price has hardly changed with regard to the previous two months from $1,624.5 to $1,632.5. 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 $1,628.5 and $1,590.5 between October and November.
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 $1,611 they are 14 % more affordable than the average price for Wheat Ridge . The properties with the highest average price have 3 bedrooms, Their price is 38 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,503.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.48 / sq.feet, with an average $1.74 / sq.feet price in Wheat Ridge. The properties with the most expensive average prices have 4 bedrooms. They are 2716 % more expensive than the average followed by properties with 1 bedroom with a price at $1.83 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $1,611 it is 8 % more affordable than the average price in Wheat Ridge. "Condo" is seen as the second most affordable property type. The most affordable property is "House" followed by "Condo". At a price of $1,485 it is 7 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $34 / sq.feet followed by "Condo" priced at $39 / sq.feet. "House" is the most expensive type of property with a $49 / sq.feet value followed by "Condo" with an average price of $39 / sq.feet.