Property prices for rent in Wheat Ridge (Colorado)
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.
