Property prices for rent in Salem (Oregon)

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

Average price last 6 months
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Salem has risen during the last 6 months. In February, the average price per sq.feet was $1.26. In March this price barely changed remaining at $1.29 per sq.feet. In the following two months the price per sq.feet has risen 111 %, going from $1.27 to $1.41 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $1.34 to $1.4 during June y July

Average price

When referring to the price in Salem (cities), this has risen in the last 6 months. The rent price in February is $1,185, rising in March till $1,322. In the following two months the average price has hardly changed with regard to the previous two months from $1,253.5 to $1,265. Based on an analysis of the first four prices and the last two months the average price has increased 105 % during the last two months.

Average price per bedrooms

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 $1,308 they are 20 % more affordable than the average price for Salem . The properties with the highest average price have 4 bedrooms, Their price is 60 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,604.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.09 / sq.feet, with an average $1.38 / sq.feet price in Salem. The properties with the most expensive average prices have 1 bedroom. They are 20 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.37 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,308 it is 4 % more affordable than the average price in Salem. "Condo" is seen as the second most affordable property type. The most expensive property type is "" followed by "Land". At a price of $1,782 it is 82 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1 / sq.feet followed by "Land" priced at $1.17 / sq.feet. "House" is the most expensive type of property with a $1.43 / sq.feet value followed by "Land" with an average price of $1.17 / sq.feet.

Charts data
Average price July
Average price per sq.feet July
Number of properties used in Salem
Number of properties used in region Oregon
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value