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
Lockhart Dr732$463,8571,980 Sq.Ft.5/16/2025Lockmere Ave222$575,0001,290 Sq.Ft.9/15/2014Locksley Ave632$410,5001,217 Sq.Ft.5/12/2025Lockwood Ln1532$581,3332,185 Sq.Ft.8/29/2023Locomotive Ln532$399,6001,447 Sq.Ft.6/30/2021Locust St2321$472,31612,349 Sq.Ft.12/16/2024Loess Ln222$847,0003,755 Sq.Ft.N/ALofty Loop1422$900,5713,636 Sq.Ft.9/17/2021Logan Ct732$420,4291,599 Sq.Ft.11/4/2021Log Dr1232$492,6672,093 Sq.Ft.10/10/2023Logistics St1N/AN/AN/A3,895 Sq.Ft.N/ALois Ct332$1,070,6673,656 Sq.Ft.5/30/2023Lombardy Ln133$1,388,0004,503 Sq.Ft.N/ALompoc Ct631$366,5001,173 Sq.Ft.4/19/2025Lonebrook Ct1732$540,2942,135 Sq.Ft.12/19/2024Lone Crest St1122$695,9092,581 Sq.Ft.1/4/2024Lone Fir Ave2532$556,2002,279 Sq.Ft.2/20/2025Lone Fir Ct1232$438,0001,371 Sq.Ft.7/28/2023Lone Oak Rd19132$484,2112,432 Sq.Ft.4/28/2025Lone Pine St422$721,5002,687 Sq.Ft.10/1/2021Lone Star Rd1332$701,2222,429 Sq.Ft.7/17/2023Lone Tree Ct1032$414,8001,317 Sq.Ft.11/2/2023Longacres Ave1232$425,0831,797 Sq.Ft.2/3/2025Longview Way1632$415,0001,616 Sq.Ft.8/27/2024Lorain Ct931$362,2221,255 Sq.Ft.2/20/2024Lords Ct1431$369,8571,204 Sq.Ft.2/25/2025Lorian Ln1231$447,5001,985 Sq.Ft.4/5/2021Lori Ave1932$416,9471,589 Sq.Ft.7/26/2024Lorida Ave1232$508,7501,916 Sq.Ft.1/9/2023Loring Dr532$455,4001,772 Sq.Ft.10/29/2024Lost Lake St6642$452,9091,919 Sq.Ft.11/18/2024Lottie Ln1642$442,8571,803 Sq.Ft.10/4/2022Loucks Ct631$354,0001,283 Sq.Ft.3/17/2020Lowell Ct332$521,0002,330 Sq.Ft.10/21/2022Lowen St2532$441,2501,686 Sq.Ft.6/4/2024Lower Autumn St132$333,0003,018 Sq.Ft.3/3/2023Lower Ben Lomond Dr1421$801,5713,229 Sq.Ft.1/27/2023Lower Breckenridge Loop1643$647,5002,858 Sq.Ft.5/11/2022Lower Lavista Ct1132$401,30030,668 Sq.Ft.12/1/2022Lucille Ave832$426,5001,515 Sq.Ft.6/6/2025Lucille Ct322$416,0001,326 Sq.Ft.N/ALuke Ct643$604,5002,384 Sq.Ft.1/15/2021Lulu Ln322$1,129,0003,894 Sq.Ft.4/9/2018Lupin Ln2932$406,9661,620 Sq.Ft.10/1/2024Luradel Ave1732$493,0001,960 Sq.Ft.6/13/2025Luree Ct822$418,5001,473 Sq.Ft.5/11/2022Luther St2021$552,9502,254 Sq.Ft.10/27/2022Lydia Ave5032$533,2401,873 Sq.Ft.5/28/2024Lyman Ln411$492,2502,617 Sq.Ft.3/2/2023Lynda Ct5N/AN/AN/A2,363 Sq.Ft.N/ALynda Ln11N/AN/AN/A2,327 Sq.Ft.5/1/2012Lynette Ct832$441,1251,636 Sq.Ft.1/19/2021Lynn St1421$316,5711,089 Sq.Ft.2/8/2022Lynx Ln343$713,3334,003 Sq.Ft.7/12/2019Mabel Ave1132$413,0911,539 Sq.Ft.3/5/2019Macaw St1032$475,5001,755 Sq.Ft.12/28/2021Maci Elle Ct1523$508,7332,067 Sq.Ft.N/AMacinness Ln232$955,5002,511 Sq.Ft.10/26/2020Macleay Rd19332$597,3372,769 Sq.Ft.5/22/2025Mac St1332$458,8461,626 Sq.Ft.2/11/2022Macy Ct1732$358,8241,197 Sq.Ft.3/16/2021Madal Ct332$391,3331,426 Sq.Ft.10/14/2013Madalyn Ct1332$492,4621,887 Sq.Ft.3/24/2025Maddy Ave1132$585,0002,334 Sq.Ft.8/26/2022Madelyn Ave3022$364,6331,955 Sq.Ft.7/5/2023Mader St932$441,3331,712 Sq.Ft.3/31/2023Madison St9921$375,6843,577 Sq.Ft.1/10/2025Madras St11022$341,0585,277 Sq.Ft.3/18/2025Madrona Ave20631$432,0484,160 Sq.Ft.5/22/2025Madrona Ct531$369,0001,010 Sq.Ft.6/18/2021Madrona Loop622$496,3332,409 Sq.Ft.5/17/2022Maebelle Ln442$555,0002,145 Sq.Ft.N/AMaggie Ln232$410,5001,245 Sq.Ft.2/3/2021Magness Rd542$767,0002,126 Sq.Ft.4/11/2022Magnolia Ct831$340,5001,197 Sq.Ft.6/17/2022Mahalo Ct632$1,002,3333,221 Sq.Ft.3/24/2022Mahalo Dr533$915,6002,702 Sq.Ft.8/18/2022Mahaya Ct1332$389,1541,536 Sq.Ft.7/14/2022Mahogany Ct1732$399,2351,424 Sq.Ft.12/26/2024Mahrt Ave6232$380,7802,038 Sq.Ft.10/1/2024Mahrt Ln1N/AN/A$2,000,00010,186 Sq.Ft.7/28/2003Maidenhair Pl131$799,0002,254 Sq.Ft.5/24/2023Mainline Dr6N/A1$382,0003,499 Sq.Ft.7/28/2015Majestic View Ave932$548,0002,630 Sq.Ft.8/30/2022Majestic View Ct532$765,2504,766 Sq.Ft.8/25/2022Mallard St1342$634,1542,572 Sq.Ft.11/1/2023Mallard View Ln133$855,0002,027 Sq.Ft.N/AMall Ct1431$367,5001,221 Sq.Ft.6/27/2024Maly Pl232$358,000870 Sq.Ft.10/17/2013Mandy Ave2632$534,5772,102 Sq.Ft.1/28/2025Mandy Ct522$543,8002,061 Sq.Ft.4/4/2022Mango Ave1932$358,6321,425 Sq.Ft.4/16/2025Manning Ct1332$447,4621,535 Sq.Ft.5/30/2023Manning Dr5232$446,5101,553 Sq.Ft.3/27/2025Manor Dr2732$360,6542,059 Sq.Ft.4/18/2024Manorview Ln1N/AN/AN/A322,533 Sq.Ft.N/AManzanita St132$496,0001,766 Sq.Ft.8/13/2014Maple Ave9321$355,5711,443 Sq.Ft.6/3/2025Maple Glen Ln232$751,0002,664 Sq.Ft.N/AMaple Grove Ln222$383,0001,220 Sq.Ft.7/26/20211940 Mccoy Ave NESalem, OR 97301
Estimated Value $328,000
Living Area 1,296 SqFt
Beds 2
Baths 1
Year Built 1928
Property Type Single Family
Ownership Type Multiple
APN 586673
Neighborhood Highland
School District Salem-Keizer School District 24J
2348 Myrtle Ave NESalem, OR 97301
Estimated Value $334,000
Living Area 1,444 SqFt
Beds 1
Baths 1.5
Year Built 1920
Property Type Single Family
Ownership Type Individual
APN 577186
Neighborhood Highland
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
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
1165 Garnet St NESalem, OR 97301
Estimated Value $290,000
Living Area 740 SqFt
Beds 1
Baths 1
Year Built 1964
Property Type Single Family
Ownership Type Corporate
APN 574403
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
1695 4th St NESalem, OR 97301
Estimated Value $266,000
Living Area 1,076 SqFt
Beds 1
Baths 1
Year Built 1925
Property Type Single Family
Ownership Type Related
APN 584472
Neighborhood Grant
School District Salem-Keizer School District 24J
1555 19th St NESalem, OR 97301
Estimated Value $396,000
Living Area 1,432 SqFt
Beds 3
Baths 1
Year Built 1929
Property Type Single Family
Ownership Type Individual
APN 579968
Neighborhood Northeast Neighbors
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
780 Thompson Ave NESalem, OR 97301
Estimated Value $301,000
Living Area 720 SqFt
Beds 2
Baths 1
Year Built 1942
Property Type Single Family
Ownership Type Individual
APN 567448
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
797 15th St NESalem, OR 97301
Estimated Value $400,000
Living Area 2,191 SqFt
Beds 2
Baths 3
Year Built 1963
Property Type Single Family
Ownership Type Related
APN 585671
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
605 Bliler Ave NESalem, OR 97301
Estimated Value $358,000
Living Area 1,304 SqFt
Beds 1
Baths 1.5
Year Built 1948
Property Type Single Family
Ownership Type Related
APN 581852
Neighborhood Highland
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
2665 Ellis Ave NESalem, OR 97301
Estimated Value $323,000
Living Area 1,056 SqFt
Beds 2
Baths 1
Year Built 1951
Property Type Single Family
Ownership Type Individual
APN 571823
Neighborhood Northeast Salem
School District Salem-Keizer School District 24J
1897 Water St NESalem, OR 97301
Estimated Value $313,000
Living Area 1,930 SqFt
Beds 3
Baths 2
Year Built 1920
Property Type Residential Vacant Land
Ownership Type Individual
APN 587570
Neighborhood Highland
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
585 Richmond Ave SESalem, OR 97301
Estimated Value $354,000
Living Area 962 SqFt
Beds 4
Baths 2
Year Built 1925
Property Type Single Family
Ownership Type Individual
APN 587350
Neighborhood Southeast Salem
School District Salem-Keizer School District 24J