The rent prices in real estate in Salem, in the Utah region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Salem has barely changed in the last 6 months. In November, the average price per sq.feet was $1.16. In December this price barely changed remaining at $1.16 per sq.feet. The price for the following two months in (January, February) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has had a considerable rise of 417 % 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 $0.58 to $2.42 during March, and April.
When referring to the price in Salem (cities), this has risen considerably in the last 6 months. In our first sample month during November, the average price is $1,278. In December This price remains at $1,273. During the following two months (January, February) the average price had a considerable rise of 125 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 114 % 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 $1,276 they are 24 % more affordable than the average price for Salem . The properties with the highest average price have 3 bedrooms, Their price is 12 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,243.
According to average price per property type in Salem, "" priced at $1,160 is 9 % lower than the average price ($1,276) in this city.