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.
The price per sq.feet in Salem has risen during the last 6 months. In November, the average price per sq.feet was $1.36. In December this price barely changed remaining at $1.35 per sq.feet. In the following two months the price per sq.feet has risen 109 %, going from $1.36 to $1.48 per sq.feet. The price per sq.feet has risen 111 % 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 $1.41 to $1.57 during March, and April.
When referring to the price in Salem (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $1,254. In December This price remains at $1,304. In the following two months the average price has hardly changed with regard to the previous two months from $1,279 to $1,264. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $1,271.5 to $1,200 in March and April.
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 $1,204 they are 14 % more affordable than the average price for Salem . The properties with the highest average price have 4 bedrooms, Their price is 62 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,813.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.1 / sq.feet, with an average $1.52 / sq.feet price in Salem. The properties with the most expensive average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.49 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,204 it is 3 % 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 "Condo". At a price of $1,255 it is 8 % 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 $1.42 / sq.feet followed by "House" priced at $1.53 / sq.feet. "House" is the most expensive type of property with a $1.53 / sq.feet value followed by "Condo" with an average price of $1.42 / sq.feet.