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 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
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.
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.
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.