Property Prices in Salem, OR, United States
| Index |  |
|---|---|
| Price to Income Ratio: | 3.07 |
| Mortgage as Percentage of Income: | 22.47% |
| Loan Affordability Index: | 4.45 |
| Price to Rent Ratio - City Centre: | 9.28 |
| Price to Rent Ratio - Outside of Centre: | 10.35 |
| Gross Rental Yield (City Centre): | 10.77% |
| Gross Rental Yield (Outside of Centre): | 9.66% |
| Rent Per Month | [ Edit ] | Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,018.75 $ | |
| Apartment (1 bedroom) Outside of Centre | 854.12 $ | |
| Apartment (3 bedrooms) in City Centre | 1,700.00 $ | |
| Apartment (3 bedrooms) Outside of Centre | 1,301.25 $ | |
| Buy Apartment Price | [ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre | 185.41 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 166.78 $ | |
| Salaries And Financing | [ Edit ] | |
| Average Monthly Net Salary (After Tax) | 3,087.33 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.07 |
These data are based on 94 entries in the past 18 months from 19 different contributors.
Last update: April 2020
Sources and References
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