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
Oakman St3332$505,7882,224 Sq.Ft.5/27/2025Oakmont Ct942$448,5712,199 Sq.Ft.4/24/2019Oak Park Ct531$359,2001,215 Sq.Ft.9/2/2022Oak Park Dr4632$376,0221,302 Sq.Ft.3/25/2024Oak Rd1532$731,4291,901 Sq.Ft.1/14/2021Oakridge Ct632$474,3331,663 Sq.Ft.12/17/2020Oak St6432$471,63621,616 Sq.Ft.1/13/2025Oakstone Dr1732$457,7061,704 Sq.Ft.8/21/2024Oak Tree Ln322$728,6672,705 Sq.Ft.5/29/2019Oakview Ln131$405,0001,094 Sq.Ft.7/10/2019Oak Way222$513,0002,272 Sq.Ft.4/11/2006Oasis Ct742$593,2862,359 Sq.Ft.7/30/2020Obrien Ave643$978,5004,381 Sq.Ft.9/21/2017Obsidian Ct242$431,0001,232 Sq.Ft.11/16/2012Ocean Ave1232$369,1671,207 Sq.Ft.4/10/2023Ochoco Ct1032$384,4001,193 Sq.Ft.4/4/2024O Connor Ct443$499,7502,200 Sq.Ft.12/28/2021Oda Ln332$307,0001,427 Sq.Ft.4/25/2013Odessa Ln363$458,6672,216 Sq.Ft.N/AOgle St1432$727,2863,606 Sq.Ft.6/4/2025Ohmart Ave321$404,3331,624 Sq.Ft.6/21/2024Ojai Ct432$462,7501,847 Sq.Ft.4/11/2022Ojai Dr932$452,3331,671 Sq.Ft.12/12/2018Old Farm Ave743$693,0002,891 Sq.Ft.7/18/2024Old Liberty Rd721$536,0002,484 Sq.Ft.8/12/2019Old Orchard Way111$1,013,0003,282 Sq.Ft.10/26/2017Old Sage Ln322$806,3332,891 Sq.Ft.6/15/2022Old Strong Rd1N/AN/AN/AN/AN/AOliver Way2N/AN/A$588,000N/AN/AOlive St1821$341,1111,188 Sq.Ft.6/27/2024Olivia Ct442$667,0002,342 Sq.Ft.8/1/2020Ollie Ln132$323,0001,404 Sq.Ft.4/21/2006Olney St4732$628,0003,695 Sq.Ft.10/5/2022Olympia Ave2943$790,5173,189 Sq.Ft.5/16/2024Olympia Ct1033$714,7002,906 Sq.Ft.4/27/2022Olympic Ave3032$428,6671,386 Sq.Ft.3/25/2025Onion Ln1N/AN/AN/A900 Sq.Ft.10/20/2008Onyx St2933$725,8622,835 Sq.Ft.12/11/2024Opaque Ave533$682,6002,678 Sq.Ft.5/6/2022Open Range Ln333$959,3334,647 Sq.Ft.6/4/2018Orbit Ave2932$484,7241,886 Sq.Ft.4/3/2025Orchard Heights Ct632N/A3,333 Sq.Ft.8/29/2023Orchard Heights Pl2132$857,0003,227 Sq.Ft.3/6/2025Orchard Heights Rd15932$827,4135,808 Sq.Ft.3/26/2025Orchardview Ave5332$502,3211,891 Sq.Ft.4/29/2025Oregano Ave1532$432,5331,778 Sq.Ft.3/4/2025Oregon Ave4032$392,0501,639 Sq.Ft.12/10/2024Oregon Trail Ct4032$463,7251,851 Sq.Ft.11/6/2024Orendale St1032$380,6001,428 Sq.Ft.4/20/2022Oriole Ct1632$429,6251,637 Sq.Ft.5/29/2024Orion Ave1N/AN/A$194,000N/A11/18/2024Orlando Ln212$1,288,5007,397 Sq.Ft.6/1/2011Orville Rd2322$975,9573,604 Sq.Ft.5/27/2022Osage Dr1132$460,0001,725 Sq.Ft.7/26/2024Osborn Ave1242$366,8001,997 Sq.Ft.3/6/2023Oscar Ln232$366,0001,167 Sq.Ft.11/19/2020Osprey Ave632$549,1671,876 Sq.Ft.3/26/2025Osprey Ct1132$570,6362,044 Sq.Ft.3/28/2024Otelagh Ct522$1,458,8003,634 Sq.Ft.5/30/2024Otter Run Ct831$582,0002,722 Sq.Ft.4/19/2021Outward Rd1N/AN/AN/A79,128 Sq.Ft.N/AOverlook Ave2132$502,5241,950 Sq.Ft.5/16/2023Overview Ct532$671,6002,119 Sq.Ft.10/21/2024Overview St433$645,7502,062 Sq.Ft.6/9/2023Owens St1821$825,7694,713 Sq.Ft.11/30/2021Owl Dr932$552,3331,948 Sq.Ft.3/23/2023Owyhee Ct1N/AN/AN/A38,452 Sq.Ft.4/30/2013Oxen Ct932$385,8891,351 Sq.Ft.4/24/2017Oxford St5321$368,87513,848 Sq.Ft.4/3/2025Pacifica Way1N/AN/AN/A59,976 Sq.Ft.N/APacific Ct632$392,0001,417 Sq.Ft.2/27/2023Pacwood Ct932$504,3331,824 Sq.Ft.10/13/2021Padick Ln343$648,3333,582 Sq.Ft.3/31/2025Page Ct932$367,8891,137 Sq.Ft.3/7/2025Page St1332$427,2311,530 Sq.Ft.6/22/2021Paintbrush Ct1632$440,6881,707 Sq.Ft.5/13/2024Palace Dr3532$377,5711,293 Sq.Ft.3/9/2023Palazzo St832$702,6252,191 Sq.Ft.6/18/2024Pali Dr1132$445,6361,786 Sq.Ft.8/30/2024Palisades Dr1322$927,3333,324 Sq.Ft.4/18/2025Palma Ln432$691,5001,840 Sq.Ft.N/APalm Ct232$291,0001,491 Sq.Ft.12/9/2021Palomino Ct1033$448,3001,997 Sq.Ft.8/28/2023Pam Ave242$458,0001,954 Sq.Ft.N/APanorama Ct1432$643,8572,513 Sq.Ft.3/17/2025Pansy 01N/AN/AN/AN/AN/APansy Way832$397,7501,437 Sq.Ft.10/28/2022Paragon Ct442$572,2502,055 Sq.Ft.8/11/2022Paramount Ln532$1,266,2003,128 Sq.Ft.8/15/2024Par Four St732$511,0001,832 Sq.Ft.1/13/2022Park Ave22731$406,7671,977 Sq.Ft.4/17/2025Park Ct1642$542,8004,663 Sq.Ft.5/28/2024Parker Ct632$523,5002,128 Sq.Ft.12/6/2017Parkside Ct1N/AN/AN/A288 Sq.Ft.N/APark St732$525,1431,893 Sq.Ft.9/12/2024Parkway Dr7232$414,0001,486 Sq.Ft.5/9/2025Parsley Ave1842$427,4441,764 Sq.Ft.11/4/2024Par Three St332$476,6671,411 Sq.Ft.9/14/2021Pastureland Ln643$671,8334,550 Sq.Ft.12/9/2022Path Finder Way322$550,5001,666 Sq.Ft.N/A233 24th St SESalem, OR 97301
Estimated Value $242,000
Living Area 880 SqFt
Beds 2
Baths 1
Year Built 1964
Property Type Condominium
Ownership Type Related
APN 566697
Neighborhood Southeast Salem
School District Salem-Keizer School District 24J
1095 Cottage St NESalem, OR 97301
Estimated Value $226,000
Living Area 1,239 SqFt
Beds 2
Baths 1
Year Built 1926
Property Type Single Family
Ownership Type Related
APN 566780
Neighborhood Grant
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
2750 Basalt Ct NESalem, OR 97301
Estimated Value $535,000
Living Area 1,917 SqFt
Beds 4
Baths 2.5
Year Built 2022
Property Type Single Family
Ownership Type Trust
APN 604861
Neighborhood Northeast Salem
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
298 15th St SESalem, OR 97301
Estimated Value $390,000
Living Area 1,819 SqFt
Beds 1
Baths 2
Year Built 1916
Property Type Single Family
Ownership Type Individual
APN 595191
Neighborhood Southeast 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
1130 Highland Ave NESalem, OR 97301
Estimated Value $281,000
Living Area 935 SqFt
Beds 2
Baths 1
Year Built 1929
Property Type Single Family
Ownership Type Corporate
APN 573276
Neighborhood Highland
School District Salem-Keizer School District 24J
748 15th St NESalem, OR 97301
Estimated Value $370,000
Living Area 1,062 SqFt
Beds 2
Baths 1
Year Built 1926
Property Type Single Family
Ownership Type Related
APN 572130
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
1689 B St NESalem, OR 97301
Estimated Value $407,000
Living Area 1,982 SqFt
Beds 2
Baths 1.5
Year Built 1910
Property Type Single Family
Ownership Type Multiple
APN 572208
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
1715 Waller St SESalem, OR 97302
Estimated Value $296,000
Living Area 780 SqFt
Beds 2
Baths 1
Year Built 1947
Property Type Single Family
Ownership Type Individual
APN 571090
Neighborhood Southeast Salem
School District Salem-Keizer School District 24J
1070 Spruce St NESalem, OR 97301
Estimated Value $303,000
Living Area 1,675 SqFt
Beds 3
Baths 2
Year Built 1925
Property Type Single Family
Ownership Type Individual
APN 577190
Neighborhood Highland
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
895 15th St NESalem, OR 97301
Estimated Value $337,000
Living Area 1,312 SqFt
Beds 1
Baths 1
Year Built 1930
Property Type Single Family
Ownership Type Individual
APN 526798
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
1517 Court St NESalem, OR 97301
Estimated Value $707,000
Living Area 3,098 SqFt
Beds 4
Baths 1
Year Built 1892
Property Type Single Family
Ownership Type Related
APN 595778
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
156 Front St NE #700Salem, OR 97301
Estimated Value $720,000
Living Area 1,589 SqFt
Beds 1
Baths 2
Year Built 2011
Property Type Condominium
Ownership Type Trust
APN 347346
Neighborhood Central Area
School District Salem-Keizer School District 24J