The average rent price in the Colorado region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.
The price per sq.feet in Colorado has risen considerably in the last 6 months. During July, the average price per sq.feet was $2.02. In August the price barely changed remaining at $2 per sq.feet. The following two months (September, October) went through a fall of 92 % in the rent price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant rise of 212 %. This has been obtained by comparing the price of $1.93 for the first four months of the sample with regard to the previous 4 months and the price of $4.09 per sq.feet for the last two months (November, December).
When referring to the price in Colorado(region), there have hardly been any changes in the last 6 months. The average rent price in July is $1,754. In August the price rose to $1,856. The average price for the following two months (September, October) fell 87 % compared to the previous two. During the last two months the average price has not gone through any changes and has gone from $1,690.75 to $1,665 during November and December.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 14 % cheaper than the average price in Colorado followed by those with 2 with an average price of $1,783. The most expensive properties have 4 bedrooms. They are 320 % more expensive than the average followed by those properties with 3 bedrooms priced at $2,347.
Based on the average price per sq.feet those properties with 3 bedrooms are the most affordable ones with a price of $2.33 / sq.feet being $6.06 / sq.feet the average for Colorado. The properties with the lowest average price are those with 1 bedroom. These are 1 % more affordable than the average followed by those with 2 bedrooms with a price of $3.4 / sq.feet.
The graph displaying the average rent price according to the property type shows "House" as the most affordable one. With an average cost of $1,674 it is 9 % cheaper than the average in Colorado. This is followed by "" with a cost of $1,561. The most expensive property type is "Detached House" and is 53 % more costly than the average, followed by "Townhouse" with a cost of $2,136.
Based upon the average cost per sq.feet the most affordable property type is "Townhouse with a an average price of $1.55 / sq.feet, followed by "Condo" with a price of $1.78 / sq.feet. "Detached House" with an average price of $141.37 / sq.feet is the most expensive type of property followed by "House" at a price of $36.39 / sq.feet.