Property Prices in Salem, OR, United States

Index Info
Price to Income Ratio: 4.45
Mortgage as Percentage of Income: 31.93%
Loan Affordability Index: 3.13
Price to Rent Ratio - City Centre: 14.37
Price to Rent Ratio - Outside of Centre: 10.36
Gross Rental Yield (City Centre): 6.96%
Gross Rental Yield (Outside of Centre): 9.65%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,068.18 $ 850.00-1,500.00
Apartment (1 bedroom) Outside of Centre 910.00 $ 825.00-1,100.00
Apartment (3 bedrooms) in City Centre 1,781.25 $ 1,500.00-2,250.00
Apartment (3 bedrooms) Outside of Centre 1,512.50 $ 1,300.00-1,750.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 300.84 $ 208.66-395.57
Price per Square Feet to Buy Apartment Outside of Centre 184.50 $ 160.00-192.00
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 2,936.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.85 3.38-4.50

These data are based on 111 entries in the past 18 months from 28 different contributors.
Last update: February 2021

Sources and References
Sign up for our newsletter:
Your Email Address:
Leave a comment:

Your name: Sign In

Your email address (optional):

Your comment (no HTML):

0 Comments so far