The average rent price in the Colorado region has had a slight fall in recent months. There has been a fall in the rent prices in this region.
The price per sq.feet in Colorado has fallen in the last 6 months. During May, the average price per sq.feet was $3.53. The following month (June) the price had a considerable rise reaching $4.82 per sq.feet. The following two months (July, August) went through a fall of 87 % 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 fall of 43 %. This has been obtained by comparing the price of $3.91 for the first four months of the sample with regard to the previous 4 months and the price of $1.7 per sq.feet for the last two months (September, October).
When referring to the price in Colorado(region), there have hardly been any changes in the last 6 months. In the first month sample May the average price is $1,690. In June the price remains at $1,680. In the following two months the average price practically remained the same compared to the previous two going from $1,685 to $1,736.5. During the last two months the average price has not gone through any changes and has gone from $1,710.75 to $1,741 during September and October.
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 15 % cheaper than the average price in Colorado followed by those with 2 with an average price of $1,623. The most expensive properties have 4 bedrooms. They are 38 % more expensive than the average followed by those properties with 3 bedrooms priced at $2,030.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $1.09 / sq.feet being $1.64 / sq.feet the average for Colorado. The properties with the highest average price are those with 1 bedroom. These are 24 % more expensive than the average followed by those with 2 bedrooms with a price of $1.54 / 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 $1,713 it is 7 % cheaper than the average in Colorado. This is followed by "Office" with a cost of $1,605. The most expensive property type is "Townhouse" and is 40 % more costly than the average, followed by "Condo" with a cost of $2,008.
Based upon the average cost per sq.feet the most affordable property type is "Commercial with a an average price of $0.78 / sq.feet, followed by "Office" with a price of $1.08 / sq.feet. "Townhouse" with an average price of $105.84 / sq.feet is the most expensive type of property followed by "House" at a price of $1.84 / sq.feet.