Beneath its modest façade, Salem, the Oregon state capitol, offers a wealth of potential that attracts investors seeking both value and opportunity. Here, the median sale price is around $450,000, allowing investors to acquire properties with potentially higher rental yields compared to pricier markets. Salem's stable economy is effectively anchored by government institutions, healthcare, and education, minimizing vacancy risk and offering investors the prospect of consistent cash flow.
While up until a few years ago Salem has been viewed as a government town, more recently it has witnessed a push towards diversification. Growing industries like technology and manufacturing are bringing new residents and businesses, which fuels the demand for housing across various segments. This unlocks the potential for both long-term appreciation and diverse investment opportunities, including single-family homes and multi-unit developments that cater to young professionals.
Salem presents real estate investors who are seeking affordability, stability, and the potential for growth with many opportunities. With its emerging industries, charming atmosphere, and diverse investment options, Salem is a hidden gem for investors looking for a unique blend of value and opportunity.
Popular Streets in Salem, Oregon
Auburn Rd32132$254,0961,846 Sq.Ft.4/24/2025Church St33821$422,6193,138 Sq.Ft.5/15/2025Commercial St56921$394,5658,919 Sq.Ft.4/16/2025Lancaster Dr84032$198,2306,030 Sq.Ft.6/10/2025Portland Rd50832$264,8665,655 Sq.Ft.5/1/2025Robins Ln38132$217,2031,936 Sq.Ft.7/27/2020State St42632$554,1108,100 Sq.Ft.5/30/2025Sunnyview Rd33332$540,9664,766 Sq.Ft.6/2/2025Turner Rd51432$170,3243,904 Sq.Ft.8/21/2023Wallace Rd30632$481,3265,128 Sq.Ft.3/20/2025All Streets in Salem, Oregon
2nd Ave1932$419,4211,536 Sq.Ft.9/11/20242nd Pl1132$407,8181,545 Sq.Ft.12/26/20242nd St3132$386,5422,435 Sq.Ft.6/27/20232nd Way1032$426,7001,546 Sq.Ft.10/29/20243rd Ave832$560,0005,814 Sq.Ft.5/29/20183rd St6132$360,4911,788 Sq.Ft.5/14/20254 J Ln321$876,6675,567 Sq.Ft.11/4/20214th Ave1442$470,7693,098 Sq.Ft.5/4/20234th St12521$345,0341,454 Sq.Ft.5/19/20255th Ave2N/A2$343,000480 Sq.Ft.N/A5th Pl1N/AN/AN/A27,456 Sq.Ft.1/18/20065th St14621$376,0951,453 Sq.Ft.3/31/20256th Ave3132$457,2581,801 Sq.Ft.7/1/20246th St8631$332,4251,450 Sq.Ft.11/4/20247th Ave7632$422,1181,456 Sq.Ft.12/6/20237th Ct1132$498,1821,993 Sq.Ft.10/30/20247th Pl2N/AN/AN/A63,450 Sq.Ft.5/9/20147th St5232$360,3703,118 Sq.Ft.12/18/20248th Ave1432$470,0711,710 Sq.Ft.9/12/20248th St3942$357,0006,017 Sq.Ft.1/29/20259th Ct4732$454,7871,591 Sq.Ft.2/28/20259th St1075$506,0007,815 Sq.Ft.6/3/202510th Ct931$530,1112,067 Sq.Ft.5/6/200510th Pl542$473,6001,897 Sq.Ft.9/21/202310th St3332$356,7271,337 Sq.Ft.3/21/202511th Ave1332$391,7691,372 Sq.Ft.10/8/202412th Ave1332$472,4621,821 Sq.Ft.2/10/202012th Ct532$449,4001,840 Sq.Ft.6/25/202412th Pl3432$431,8001,627 Sq.Ft.2/15/202312th St20232$561,7094,349 Sq.Ft.5/27/202512th St Cut Off5922$279,8333,037 Sq.Ft.4/30/202513th Ave3732$484,5002,711 Sq.Ft.5/7/202413th Pl622$520,5002,614 Sq.Ft.1/21/201613th St12922$515,7744,718 Sq.Ft.4/2/202514th Ave3132$451,6451,700 Sq.Ft.5/6/202514th Ct532$481,0001,728 Sq.Ft.11/20/201514th Pl4732$460,4681,744 Sq.Ft.7/26/202414th St17121$417,8323,772 Sq.Ft.5/20/202515th Ave2032$451,3001,660 Sq.Ft.6/5/202215th Ct832$533,4292,111 Sq.Ft.11/9/202315th St15321$388,6601,655 Sq.Ft.4/29/202516th Ct1122$535,6361,996 Sq.Ft.12/18/202416th St17121$389,7353,384 Sq.Ft.4/11/202517th Ave532$521,8002,187 Sq.Ft.1/15/202017th Ct732$453,1431,582 Sq.Ft.8/5/202117th St23021$356,8544,020 Sq.Ft.6/10/202518th Pl3332$540,4242,120 Sq.Ft.5/23/202418th St26021$363,1571,499 Sq.Ft.5/27/202519th Ct1522$538,9332,220 Sq.Ft.2/27/202319th Pl2032$420,1501,620 Sq.Ft.9/25/202419th St23021$388,4023,122 Sq.Ft.4/25/202520th Ave4632$395,2501,568 Sq.Ft.4/24/202520th Ct1132$547,5452,265 Sq.Ft.10/11/202420th St19321$368,8072,336 Sq.Ft.5/23/202521st Ave1632$522,0632,197 Sq.Ft.6/24/202421st Pl742$519,7142,261 Sq.Ft.8/22/202421st St19821$393,6131,955 Sq.Ft.2/25/202522nd Ave3432$517,2004,094 Sq.Ft.4/8/202522nd St14721$356,0005,206 Sq.Ft.5/1/202523rd Ct1143$507,7272,384 Sq.Ft.9/13/202123rd St24421$362,8062,260 Sq.Ft.5/22/202524th Pl1N/AN/AN/A16,320 Sq.Ft.2/24/201624th St21221$371,2761,580 Sq.Ft.6/6/202525th Ave6N/AN/AN/A83,514 Sq.Ft.10/10/202425th St24822$441,7034,400 Sq.Ft.6/10/202427th Ave2032$557,55696,947 Sq.Ft.4/29/202527th Ct7N/AN/AN/A40,881 Sq.Ft.6/22/201127th Pl732$773,5002,709 Sq.Ft.4/26/202127th St1N/AN/AN/AN/AN/A29th Ct2043$592,2002,550 Sq.Ft.5/5/202129th Pl1132$447,0911,641 Sq.Ft.8/12/202130th Ave4231$375,3252,360 Sq.Ft.11/20/202430th Ct332$460,6671,657 Sq.Ft.2/28/201730th Pl631$221,1671,014 Sq.Ft.8/30/201830th Way1821$127,778580 Sq.Ft.N/A31st Ave4432$426,9071,612 Sq.Ft.5/2/202431st Ct1632$505,5631,983 Sq.Ft.9/26/202432nd Ave7432$395,1761,759 Sq.Ft.2/21/202532nd Ct532$520,4002,087 Sq.Ft.6/22/201232nd Pl3332$477,3003,889 Sq.Ft.5/15/202534th Ave5632$515,9452,199 Sq.Ft.5/27/202535th Ave6233$596,8672,915 Sq.Ft.8/9/202435th Pl9104$409,6679,106 Sq.Ft.4/28/202236th Ave6032$563,2832,570 Sq.Ft.7/27/202437th Ave9832$533,1543,444 Sq.Ft.5/1/202537th Pl1432$357,5005,577 Sq.Ft.5/24/202438th Ave5532$296,9771,641 Sq.Ft.12/18/202338th Pl6121$191,367986 Sq.Ft.2/5/202539th Ave4632$454,1521,835 Sq.Ft.4/25/202540th Ave2133N/A3,700 Sq.Ft.8/18/202340th Ct832$428,8571,809 Sq.Ft.5/26/202340th Pl2722$385,6671,434 Sq.Ft.11/2/202041st Ave2832$408,0001,755 Sq.Ft.7/8/202241st Pl3711$134,250672 Sq.Ft.N/A41st Way1321$106,462608 Sq.Ft.N/A42nd Ave23522$122,3111,185 Sq.Ft.6/13/202342nd Pl1331$676,0912,035 Sq.Ft.2/23/202343rd Ave1322$153,9231,151 Sq.Ft.1/30/202043rd Ct332$419,6671,380 Sq.Ft.7/24/202443rd Pl1222$118,0911,258 Sq.Ft.N/A295 Church St SE #304Salem, OR 97301
Estimated Value $461,000
Living Area 1,504 SqFt
Beds 1
Baths 1
Year Built 2008
Property Type Condominium
Ownership Type Individual
APN 345510
Neighborhood Central Area
School District Salem-Keizer School District 24J
2350 Eddy Ave NESalem, OR 97301
Estimated Value $362,000
Living Area 1,008 SqFt
Beds 3
Baths 1
Year Built 1975
Property Type Single Family
Ownership Type Multiple
APN 565369
Neighborhood Lansing
School District Salem-Keizer School District 24J
2180 Liberty St NESalem, OR 97301
Estimated Value $303,000
Living Area 799 SqFt
Beds 2
Baths 1
Year Built 1940
Property Type Single Family
Ownership Type Multiple
APN 570208
Neighborhood Highland
School District Salem-Keizer School District 24J
2790 Brooks Ave NESalem, OR 97301
Estimated Value $215,000
Living Area 967 SqFt
Beds 2
Baths 1
Year Built 1925
Property Type Single Family
Ownership Type Individual
APN 582081
Neighborhood Highland
School District Salem-Keizer School District 24J
1010 13th St NESalem, OR 97301
Estimated Value $315,000
Living Area 902 SqFt
Beds 2
Baths 1
Year Built 1945
Property Type Single Family
Ownership Type Related
APN 526845
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
440 22nd St NESalem, OR 97301
Estimated Value $315,000
Living Area 936 SqFt
Beds 2
Baths 2
Year Built 1948
Property Type Single Family
Ownership Type Related
APN 592452
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
196 23rd St SESalem, OR 97301
Estimated Value $334,000
Living Area 1,627 SqFt
Beds 3
Baths 1
Year Built 1925
Property Type Single Family
Ownership Type Related
APN 587292
Neighborhood Southeast Salem
School District Salem-Keizer School District 24J
465 17th St NESalem, OR 97301
Estimated Value $309,000
Living Area 1,086 SqFt
Beds 1
Baths 1
Year Built 1920
Property Type Single Family
Ownership Type Individual
APN 596493
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
2184 Laurine Ct NESalem, OR 97301
Estimated Value $453,000
Living Area 1,700 SqFt
Beds 3
Baths 1.5
Year Built 2004
Property Type Single Family
Ownership Type Related
APN 332226
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
798 20th St NESalem, OR 97301
Estimated Value $335,000
Living Area 1,079 SqFt
Beds 2
Baths 1.5
Year Built 1910
Property Type Single Family
Ownership Type Individual
APN 567495
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
3289 Windsor Ave NESalem, OR 97301
Estimated Value $445,000
Living Area 2,331 SqFt
Beds 2
Baths 2
Year Built 1970
Property Type Single Family
Ownership Type Individual
APN 588486
Neighborhood Northeast Salem
School District Salem-Keizer School District 24J
745 Jefferson St NESalem, OR 97301
Estimated Value $281,000
Living Area 672 SqFt
Beds 2
Baths 1
Year Built 1947
Property Type Single Family
Ownership Type Individual
APN 566927
Neighborhood Grant
School District Salem-Keizer School District 24J
1140 Donna Ave NESalem, OR 97301
Estimated Value $278,000
Living Area 1,052 SqFt
Beds 2
Baths 1
Year Built 1949
Property Type Single Family
Ownership Type Trust
APN 570150
Neighborhood Highland
School District Salem-Keizer School District 24J
1120 Columbia St NESalem, OR 97301
Estimated Value $418,000
Living Area 1,966 SqFt
Beds 1
Baths 1.5
Year Built 1940
Property Type Single Family
Ownership Type Individual
APN 570137
Neighborhood Highland
School District Salem-Keizer School District 24J
1567 Park Ave NESalem, OR 97301
Estimated Value $373,000
Living Area 1,744 SqFt
Beds 4
Baths 2
Year Built 1949
Property Type Single Family
Ownership Type Corporate
APN 527036
Neighborhood Northeast Salem
School District Salem-Keizer School District 24J
1470 23rd St NESalem, OR 97301
Estimated Value $387,000
Living Area 1,775 SqFt
Beds 3
Baths 2
Year Built 1950
Property Type Single Family
Ownership Type Individual
APN 571869
Neighborhood Northeast Salem
School District Salem-Keizer School District 24J