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
Hayesville Pl1732$424,4711,736 Sq.Ft.9/25/2024Hay Ln433$969,7503,433 Sq.Ft.4/21/2025Hayward St932$409,2221,360 Sq.Ft.3/30/2023Hazel Ave7121$351,7651,509 Sq.Ft.3/17/2025Hazelgreen Rd12532$601,63210,926 Sq.Ft.6/6/2025Hazelgrove St1032$338,5001,164 Sq.Ft.3/7/2024Hazelnut Ln311$1,451,6675,534 Sq.Ft.N/AHazeltine Ave6032$772,2672,933 Sq.Ft.10/12/2023Hearth Ct1022$516,9002,030 Sq.Ft.5/28/2020Hearthside Ct932$463,7781,674 Sq.Ft.4/17/2025Hearth St1322$470,0001,864 Sq.Ft.5/12/2025Heather Ln4932$451,3271,883 Sq.Ft.12/2/2024Heath St2632$573,1602,350 Sq.Ft.5/15/2025Heathwood St1532$454,5332,228 Sq.Ft.5/20/2022Heavens Way1832$523,3332,296 Sq.Ft.3/25/2025Heckart Ln732$842,1433,711 Sq.Ft.4/21/2025Helen Ave832$421,8751,621 Sq.Ft.4/3/2023Helm St631$302,6671,022 Sq.Ft.3/14/2022Helton Way1732$400,6471,392 Sq.Ft.5/8/2015Hemlock Ct1032$435,2001,726 Sq.Ft.4/24/2025Hemlock St3832$410,6841,524 Sq.Ft.7/31/2024Henningsen Ct3N/AN/AN/AN/AN/AHenning Way1332$680,3852,312 Sq.Ft.11/7/2018Hereford Way233$909,5003,378 Sq.Ft.7/23/2021Heritage Hill Rd552$840,7504,253 Sq.Ft.6/16/2021Heritage St3N/AN/AN/A62,865 Sq.Ft.6/4/2021Hermitage Way1N/AN/AN/A42,512 Sq.Ft.12/14/2004Hermosa Ct1223$446,5002,152 Sq.Ft.12/18/2021Heron St3232$599,4692,889 Sq.Ft.9/23/2022Herrin Ct732$380,1431,251 Sq.Ft.6/9/2021Herrin Rd6432$418,8571,669 Sq.Ft.4/21/2025Hertel Dr2431$467,0001,739 Sq.Ft.3/6/2025Hickory Hill Dr1832$536,5001,920 Sq.Ft.4/8/2025Hickory St4721$327,0282,493 Sq.Ft.2/9/2023Hidden Hills Ln434$1,624,5008,889 Sq.Ft.12/1/2003Hidden Valley Dr4332$557,6982,296 Sq.Ft.5/1/2025Hidden View Ln1432$161,0001,464 Sq.Ft.5/19/2025Hideaway Ln932$997,6674,322 Sq.Ft.2/8/2022Highland Ave5421$399,8753,228 Sq.Ft.5/20/2025Highlight Ct1222$534,6672,084 Sq.Ft.12/10/2021High Ridge Ct632$477,1672,044 Sq.Ft.4/21/2016High St21821$530,3588,086 Sq.Ft.6/12/2025Highway Ave2022$476,3855,971 Sq.Ft.9/20/2021Hilda St1032$683,2002,616 Sq.Ft.4/2/2024Hile Ln432$409,5002,038 Sq.Ft.9/3/2024Hilfiker Ln1232$408,2504,316 Sq.Ft.4/13/2021Hillcrest Ct543$544,0002,052 Sq.Ft.3/7/2025Hillcrest Dr942$498,3332,070 Sq.Ft.7/19/2022Hillendale Dr2732$498,5562,158 Sq.Ft.2/24/2025Hillrose St223$705,0005,317 Sq.Ft.N/AHillside Ln621$493,5002,253 Sq.Ft.7/26/2018Hills Way3242$512,3132,201 Sq.Ft.12/17/2024Hilltop Dr1242$462,2501,899 Sq.Ft.5/11/2022Hillview Dr3032$460,9001,944 Sq.Ft.5/8/2024Hill Villa Ave432$507,0001,952 Sq.Ft.5/13/2009Hill Villa Ct632$556,3332,270 Sq.Ft.11/30/2023Hillwood Ct1722$606,0592,628 Sq.Ft.10/7/2021Himalaya St5142$469,6272,059 Sq.Ft.10/8/2024Hines St3222$499,5653,841 Sq.Ft.10/10/2024History Ct322$549,3332,134 Sq.Ft.9/26/2017Hoffman Rd8232$336,8032,127 Sq.Ft.4/29/2025Hoiland Ln112$1,378,0004,895 Sq.Ft.N/AHolder Ln4532$527,7501,985 Sq.Ft.11/22/2023Holiday Ct1221$826,1673,292 Sq.Ft.3/12/2024Holiday Dr5621$651,6962,719 Sq.Ft.6/4/2025Hollow Stump Ln411$874,0003,995 Sq.Ft.7/12/2019Holly Berry Ln232$1,062,5004,774 Sq.Ft.4/6/2020Hollyridge Loop4132$325,0001,352 Sq.Ft.1/31/2025Holly St432$508,5001,962 Sq.Ft.3/29/2019Hollywood Dr8832$400,2002,077 Sq.Ft.5/22/2025Holmes Ct1431$560,6152,632 Sq.Ft.10/15/2020Holt Loop632$348,8331,357 Sq.Ft.8/21/2024Homer Rd1932$438,6321,913 Sq.Ft.8/21/2024Homestead Rd3221$811,0692,792 Sq.Ft.4/16/2025Honestus Dr2232$386,0001,265 Sq.Ft.4/21/2021Honey Bee St863$713,0002,656 Sq.Ft.4/23/2021Honeysuckle Way2732$445,2591,710 Sq.Ft.5/26/2025Hoo Doo Ct1232$461,0831,729 Sq.Ft.7/11/2024Hoo Doo Dr3732$483,1891,684 Sq.Ft.4/23/2025Hood St3621$409,3002,198 Sq.Ft.8/16/2022Hoover Ave3143$566,3872,336 Sq.Ft.6/3/2025Hope Ave3332$462,4241,742 Sq.Ft.10/22/2024Hope Chapel Ln221$847,5003,503 Sq.Ft.7/18/2024Hopewell Rd4232$658,3612,780 Sq.Ft.11/4/2024Horizon View St2532$637,0002,280 Sq.Ft.11/4/2024Hornbeam St132$561,0001,864 Sq.Ft.10/7/2005Horner Ln3N/AN/A$594,000N/A9/9/2022Horseback Ct2232$404,0001,397 Sq.Ft.10/25/2023Horse Clover Dr1543$686,1332,741 Sq.Ft.4/25/2024Horseclover Dr344$749,6672,787 Sq.Ft.7/8/2021Horseshoe Ct3131$377,0651,134 Sq.Ft.3/26/2025Horse Valley Ln132$919,0002,110 Sq.Ft.6/20/2017Hosanna Ct1343$490,0772,021 Sq.Ft.9/3/2022Hovenden Ct1232$519,9172,210 Sq.Ft.10/29/2024Howard St2721$462,6112,622 Sq.Ft.6/11/2024Howell Prairie Rd8632$787,2035,589 Sq.Ft.6/10/2025Howser Ln332$756,0003,310 Sq.Ft.N/AHoyt St7521$409,0172,225 Sq.Ft.3/5/2025Hrubetz Rd6032$428,3152,522 Sq.Ft.5/10/2024Huckleberry Ct3322$617,9702,367 Sq.Ft.10/10/2024990 20th St NESalem, OR 97301
Estimated Value $409,000
Living Area 1,513 SqFt
Beds 2
Baths 1.5
Year Built 1925
Property Type Single Family
Ownership Type Individual
APN 572398
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
774 18th St SESalem, OR 97301
Estimated Value $263,000
Living Area 1,046 SqFt
Beds 3
Baths 1
Year Built 1920
Property Type Single Family
Ownership Type Related
APN 583187
Neighborhood Southeast Salem
School District Salem-Keizer School District 24J
1981 Warner St NESalem, OR 97301
Estimated Value $242,000
Living Area 570 SqFt
Beds 2
Baths 1
Year Built 1941
Property Type Single Family
Ownership Type Individual
APN 586666
Neighborhood Highland
School District Salem-Keizer School District 24J
2360 Park Ave NESalem, OR 97301
Estimated Value $350,000
Living Area 1,042 SqFt
Beds 3
Baths 1
Year Built 1973
Property Type Single Family
Ownership Type Individual
APN 565352
Neighborhood Lansing
School District Salem-Keizer School District 24J
652 14th St NESalem, OR 97301
Estimated Value $356,000
Living Area 1,474 SqFt
Beds 3
Baths 1
Year Built 1919
Property Type Single Family
Ownership Type Individual
APN 526718
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
2390 Broadway St NESalem, OR 97301
Estimated Value $384,000
Living Area 1,720 SqFt
Beds 2
Baths 2
Year Built 1946
Property Type Single Family
Ownership Type Individual
APN 571926
Neighborhood Highland
School District Salem-Keizer School District 24J
295 Church St SE #307Salem, OR 97301
Estimated Value $343,000
Living Area 919 SqFt
Beds 1
Baths 1
Year Built 2008
Property Type Condominium
Ownership Type Individual
APN 345504
Neighborhood Central Area
School District Salem-Keizer School District 24J
885 Cottage St NE #ASalem, OR 97301
Estimated Value $496,000
Living Area 2,110 SqFt
Beds 2
Baths 1
Year Built 1928
Property Type Single Family
Ownership Type Related
APN 566863
Neighborhood Central Area
School District Salem-Keizer School District 24J
1465 Center St NESalem, OR 97301
Estimated Value $363,000
Living Area 1,240 SqFt
Beds 3
Baths 1
Year Built 1926
Property Type Single Family
Ownership Type Individual
APN 527582
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
160 14th St NESalem, OR 97301
Estimated Value $382,000
Living Area 1,653 SqFt
Beds 2
Baths 1
Year Built 1925
Property Type Single Family
Ownership Type Individual
APN 571969
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
1141 23rd St NESalem, OR 97301
Estimated Value $322,000
Living Area 1,044 SqFt
Beds 3
Baths 1
Year Built 1949
Property Type Single Family
Ownership Type Individual
APN 571661
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
486 18th St NESalem, OR 97301
Estimated Value $532,000
Living Area 3,216 SqFt
Beds 2
Baths 2
Year Built 1965
Property Type Single Family
Ownership Type Corporate
APN 595570
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
1734 Nebraska Ave NESalem, OR 97301
Estimated Value $260,000
Living Area 576 SqFt
Beds 2
Baths 1
Year Built 1936
Property Type Single Family
Ownership Type Trust
APN 572295
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
375 17th St SESalem, OR 97301
Estimated Value $260,000
Living Area 1,159 SqFt
Beds 3
Baths 1
Year Built 1905
Property Type Single Family
Ownership Type Individual
APN 568388
Neighborhood Southeast Salem
School District Salem-Keizer School District 24J
1147 Garnet St NESalem, OR 97301
Estimated Value $289,000
Living Area 768 SqFt
Beds 1
Baths 1
Year Built 1934
Property Type Single Family
Ownership Type Individual
APN 574404
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J