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 October, the average price per sq.feet was $1.38. In November this price barely changed remaining at $1.36 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.37 to $1.38 per sq.feet. The price per sq.feet has risen 114 % 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 $1.38 to $1.58 during February, and March.
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 October, the average price is $1,291. In November This price remains at $1,254. In the following two months the average price has hardly changed with regard to the previous two months from $1,272.5 to $1,276. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,274.25 and $1,238 between February and March.
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 $1,196 they are 9 % more affordable than the average price for Salem . The properties with the highest average price have 4 bedrooms, Their price is 61 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,815.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.05 / sq.feet, with an average $1.62 / sq.feet price in Salem. The properties with the most expensive average prices have 1 bedroom. They are 4 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.41 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,196 it is 1 % 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 "". At a price of $1,210 it is 41 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1 / sq.feet followed by "Apartment" priced at $1.63 / sq.feet. "Apartment" is the most expensive type of property with a $1.63 / sq.feet value followed by "House" with an average price of $1 / sq.feet.