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.
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
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.
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.
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.