Property prices for rent in Salem (Oregon)

The rent prices in real estate in Salem, in the Oregon region have slightly fallen in the last couple of months. There has been a fall 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 fallen during the last 6 months. In March, the average price per sq.feet was $1.62. In the following month the price per sq.feet fell to $1.52. In the following two months the price per sq.feet has practically remained the same, going from $1.57 to $1.51 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 $1.54 to $1.51 during July y August

Average price

When referring to the price in Salem (cities), this has risen in the last 6 months. In our first sample month during March, the average price is $1,196. In April This price remains at $1,204. During the following two months (May, June) the price has had an average rise from $1,200 to $1,293.5. Based on an analysis of the first four prices and the last two months the average price has increased 111 % 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 $1,427 they are 21 % more affordable than the average price for Salem . The properties with the highest average price have 4 bedrooms, Their price is 73 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,984.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.26 / sq.feet, with an average $1.48 / sq.feet price in Salem. The properties with the most expensive average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.46 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,427 it is 18 % more affordable than the average price in Salem. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $1,376 it is 30 % 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 $1.35 / sq.feet followed by "House" priced at $1.39 / sq.feet. "Apartment" is the most expensive type of property with a $1.5 / sq.feet value followed by "House" with an average price of $1.39 / sq.feet.

Charts data
Average price August
Average price per sq.feet August
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