The rent prices in real estate in Salem, in the Wisconsin region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Salem has risen strongly during the last 6 months. In April, the average price per sq.feet was $1.09. In the following month the price per sq.feet fell to $1. The price for the following two months in (June, July) had a considerable rise of 1531 %. The price per sq.feet has had a considerable fall of 6 % 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 $8.52 to $0.5 during August, and September.
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 April, the average price is $925. In May This price remains at $924. In the following two months the average price has hardly changed with regard to the previous two months from $924.5 to $940.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $932.5 to $878.5 in August and September.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 12 % more expensive than the average price of $1,035 in Salem. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 12 % more expensive than the average aforementioned.
The graph displaying the average rent prices displays the property type "Townhouse" as the most expensive one. At an cost of $924 it is 1 % more expensive than the average price in Salem. "House" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Townhouse". At a price of $933 it is 10 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Townhouse" at an average price of $3 / sq.feet followed by "House" priced at $15 / sq.feet. "House" is the most expensive type of property with a $15 / sq.feet value followed by "Townhouse" with an average price of $3 / sq.feet.