The rent prices in real estate in Wheat Ridge, in the Colorado 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 Wheat Ridge has risen strongly during the last 6 months. In August, the average price per sq.feet was $1.73. In the following month the price per sq.feet fell to $1.56. In the following two months the price per sq.feet has practically remained the same, going from $1.64 to $1.62 per sq.feet. The price per sq.feet has had a considerable rise of 240 % 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 $1.63 to $3.91 during December, and January.
When referring to the price in Wheat Ridge (cities), this has risen in the last 6 months. The rent price in August is $1,435, rising in September till $1,612. In the following two months the average price has hardly changed with regard to the previous two months from $1,523.5 to $1,500.5. 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 $1,512 and $1,508 between 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 $1,531 they are 8 % more affordable than the average price for Wheat Ridge . The properties with the highest average price have 4 bedrooms, Their price is 79 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,892.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.5 / sq.feet, with an average $6.16 / sq.feet price in Wheat Ridge. The properties with the most expensive average prices have 4 bedrooms. They are 403 % more expensive than the average followed by properties with 1 bedroom with a price at $10.7 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,531 it is 7 % more affordable than the average price in Wheat Ridge. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $1,447 it is 30 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1 / sq.feet followed by "Townhouse" priced at $20 / sq.feet. "Townhouse" is the most expensive type of property with a $20 / sq.feet value followed by "House" with an average price of $1 / sq.feet.