Property prices for rent in Salem (Connecticut)

The rent prices in real estate in Salem, in the Connecticut region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

$1,584.33
Average price last 6 months
$42.82
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Salem has risen strongly during the last 6 months. In October, the average price per sq.feet was $1.61. In November this price barely changed remaining at $1.68 per sq.feet. The price for the following two months in (December, January) had a considerable rise of 7629 %. The price per sq.feet has had a considerable fall of 2 % 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 $63.57 to $1.32 during February, and March.

Average price

When referring to the price in Salem (cities), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $1,375. In November This price remains at $1,400. During the following two months (December, January) the average price had a considerable rise of 139 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 86 %, going from $1,659.5 to $1,434 in February and March.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most expensive ones. At a price of $1,448 they are 31 % more expensive than the average price for Salem. Following this ranking we find those properties with 1 at an average price of $1,936. The properties with the highest average price have 1 bedroom, Their price is 34 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,899.

With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $114 / sq.feet, with an average $1 / sq.feet price in Salem. The properties with the most expensive average prices have 1 bedroom. They are 12200 % more expensive than the average followed by properties with 2 bedrooms with a price at $114 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "Condo" as the most expensive one. At an cost of $1,448 it is 30 % more expensive than the average price in Salem. "House" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Condo". At a price of $1,879 it is 31 % more expensive than the average price.

According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $104 / sq.feet followed by "House" priced at $114 / sq.feet. "House" is the most expensive type of property with a $114 / sq.feet value followed by "Condo" with an average price of $104 / sq.feet.

Charts data
Average price March
Average price per sq.feet March
Number of properties used in Salem
Number of properties used in region Connecticut
$1,448
$1
38
40,282
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value