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
Patricia Ct932$439,1111,538 Sq.Ft.3/21/2022Patricia St2332$573,6522,094 Sq.Ft.12/5/2023Patriot Ct1132$606,1822,237 Sq.Ft.7/5/2024Patterson St1822$348,2505,032 Sq.Ft.1/29/2025Paula Ct432$426,0001,606 Sq.Ft.10/22/2015Paulanna Ln332$870,6674,362 Sq.Ft.12/14/2020Paul Ct2132$394,2861,239 Sq.Ft.4/12/2023Pauline Ave832$382,7501,517 Sq.Ft.5/2/2024Pawnee Cir4422$509,7272,102 Sq.Ft.5/29/2025Peaceful Ln141$906,0004,560 Sq.Ft.9/10/2019Peace St1421$341,8185,010 Sq.Ft.6/28/2023Peachtree St532$329,4001,013 Sq.Ft.10/18/2022Peachwood Ct433$646,2502,664 Sq.Ft.3/25/2024Peakaview Way253$749,0004,367 Sq.Ft.9/14/2021Pear Grove Ct533$761,4003,128 Sq.Ft.7/13/2019Pearl St2721$356,5561,320 Sq.Ft.4/9/2025Pear Tree Ln722$934,1433,987 Sq.Ft.5/2/2023Pebble Ln432$657,0003,092 Sq.Ft.4/8/2011Pebbles Ln322$868,0003,486 Sq.Ft.6/13/2019Pecan Ct1122$395,3641,373 Sq.Ft.12/14/2020Peck Ave4931$391,7761,396 Sq.Ft.6/23/2023Pelican Ct1432$636,7142,352 Sq.Ft.6/5/2023Pelton Ct832$464,6251,539 Sq.Ft.8/17/2022Pembrook St621$301,7504,302 Sq.Ft.1/31/2019Pence Loop5N/AN/AN/A14,913 Sq.Ft.12/6/2019Penn Ln232$373,5001,125 Sq.Ft.9/7/2019Pennsylvania Ave6432$384,1431,478 Sq.Ft.12/9/2024Penny Dr2732$426,6671,587 Sq.Ft.5/29/2025Penticton Cir2732$405,2961,466 Sq.Ft.12/21/2021Pepper Ln432$388,7501,326 Sq.Ft.8/28/2020Peppermint Ln632$423,8331,656 Sq.Ft.4/30/2020Pepper Tree Ct1421$671,7142,973 Sq.Ft.7/11/2022Percheron Ct1622$390,0001,291 Sq.Ft.6/6/2025Periwinkle Dr2032$431,8001,666 Sq.Ft.7/5/2023Perkins St3332$849,5156,694 Sq.Ft.3/31/2025Pesola Ln232$368,0001,178 Sq.Ft.6/20/2024Peter Ln1932$340,6841,230 Sq.Ft.5/16/2024Peterson St1432$400,1431,234 Sq.Ft.3/24/2025Petrified Rock St321$934,0003,807 Sq.Ft.9/15/2016Pettyjohn Rd1821$1,023,3533,766 Sq.Ft.2/11/2021Phantom Creek Ln252$1,243,5005,856 Sq.Ft.N/APheasant Ave2132$494,5242,325 Sq.Ft.10/11/2023Phillip Ln433$529,5002,242 Sq.Ft.5/1/2012Phipps Cir1922$396,8421,820 Sq.Ft.N/APhipps Ln1732$385,0001,919 Sq.Ft.4/11/2025Phoenix Ave1232$612,3643,087 Sq.Ft.7/8/2021Phyllis St233N/A1,890 Sq.Ft.10/31/2007Piedmont Ave2832$382,0741,627 Sq.Ft.2/20/2025Pigeon Hollow Rd232$964,5004,138 Sq.Ft.1/20/2022Pike Ct1832$411,0001,383 Sq.Ft.10/15/2024Pikes Pass Ct822$788,6253,188 Sq.Ft.5/2/2025Pikes Pass St2322$817,6963,026 Sq.Ft.4/16/2024Pilgrim St1632$581,9382,243 Sq.Ft.5/6/2025Pine St4121$380,0433,403 Sq.Ft.4/2/2025Pintail Ave1132$566,4552,440 Sq.Ft.10/14/2021Pintail Ct942$614,2222,458 Sq.Ft.11/27/2019Pinto Ct532$583,6003,943 Sq.Ft.7/17/2023Pioneer Dr4721$495,6812,231 Sq.Ft.12/9/2024Pipebend Pl3N/AN/AN/A18,965 Sq.Ft.3/14/2023Pippin St2932$329,8281,490 Sq.Ft.1/15/2025Planet Ave132$463,0001,447 Sq.Ft.3/4/2024Plant Ln643$798,0003,624 Sq.Ft.9/5/2019Plateau St2622$386,7691,375 Sq.Ft.1/2/2022Plaza Del Rey1222$427,4172,015 Sq.Ft.11/8/2023Plaza St1631$358,0671,523 Sq.Ft.4/11/2025Pleasant Hill Ln233$1,235,5003,865 Sq.Ft.11/17/2017Pleasant View Dr432$385,6672,699 Sq.Ft.3/9/2011Plow Ct1532$478,8001,882 Sq.Ft.1/31/2024Poinsettia St1532$511,1332,704 Sq.Ft.1/26/2024Polaris St432$628,0003,664 Sq.Ft.8/20/2019Pollyanne Ave1632$562,3752,272 Sq.Ft.8/23/2022Polo Ct2032$375,6001,171 Sq.Ft.3/14/2024Pomona Ct631$360,3331,160 Sq.Ft.8/6/2018Ponderosa Dr1132$593,5452,162 Sq.Ft.5/13/2023Pond Ln242$1,094,5003,885 Sq.Ft.2/25/2014Pony Pl422$866,5004,092 Sq.Ft.5/22/2024Popcorn Ct1032$488,4001,999 Sq.Ft.2/2/2022Popcorn St933$597,0002,409 Sq.Ft.4/25/2025Poplar Ct632$438,8331,559 Sq.Ft.2/7/2025Poppy Hills St2222$611,8642,453 Sq.Ft.4/28/2025Porter Ln232$379,5001,611 Sq.Ft.N/APortland Rd50832$264,8665,655 Sq.Ft.5/1/2025Port Stewart Ct1632$710,8132,936 Sq.Ft.5/17/2024Powderhorn Ct1032$375,1001,206 Sq.Ft.5/20/2022Prairie Star Ct1732$419,6471,559 Sq.Ft.2/12/2025Pratum Ave332$549,3334,139 Sq.Ft.3/25/2021Pressler Ct1722$559,9412,295 Sq.Ft.5/20/2025Prestige Ct1342$496,9231,856 Sq.Ft.4/15/2023Prestwick Ct732$720,8332,340 Sq.Ft.12/18/2023Primrose St232$448,0001,815 Sq.Ft.8/2/2021Prince Ct1032$397,0001,479 Sq.Ft.8/23/2023Princess Ct2132$424,4001,589 Sq.Ft.6/14/2023Princess Ln1132$377,5451,266 Sq.Ft.6/18/2024Pringle Creek Ct2132$449,5241,620 Sq.Ft.11/18/2024Pringle Rd7432$461,43614,466 Sq.Ft.5/5/2025Prominent Ct1321$505,0002,939 Sq.Ft.12/3/2021Promontory Pl4N/AN/AN/A5,536 Sq.Ft.8/6/2015Prospect Pl721$694,4292,540 Sq.Ft.3/21/2023Prospect Ridge Rd422$885,5002,366 Sq.Ft.8/27/2021Ptarmigan Ct1543$550,9332,273 Sq.Ft.6/3/20241367 Chemeketa St NESalem, OR 97301
Estimated Value $632,000
Living Area 2,745 SqFt
Beds 1
Baths 2
Year Built 1900
Property Type Single Family
Ownership Type Individual
APN 587819
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
2295 Breyman St NESalem, OR 97301
Estimated Value $337,000
Living Area 1,140 SqFt
Beds 1
Baths 1
Year Built 1939
Property Type Single Family
Ownership Type Related
APN 596280
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
995 Garnet St NESalem, OR 97301
Estimated Value $458,000
Living Area 1,836 SqFt
Beds 3
Baths 3
Year Built 1949
Property Type Single Family
Ownership Type Individual
APN 587258
Neighborhood Northeast Neighbors
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
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
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
1168 Evergreen Ave NESalem, OR 97301
Estimated Value $408,000
Living Area 1,988 SqFt
Beds 2
Baths 1
Year Built 1951
Property Type Single Family
Ownership Type Corporate
APN 571559
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
2104 Evergreen Ave NESalem, OR 97301
Estimated Value $344,000
Living Area 1,295 SqFt
Beds 3
Baths 1
Year Built 1938
Property Type Single Family
Ownership Type Individual
APN 572480
Neighborhood Lansing
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
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
205 22nd St SESalem, OR 97301
Estimated Value $280,000
Living Area 1,022 SqFt
Beds 2
Baths 1
Year Built 1895
Property Type Single Family
Ownership Type Related
APN 568174
Neighborhood Southeast Salem
School District Salem-Keizer School District 24J
765 E St NESalem, OR 97301
Estimated Value $325,000
Living Area 963 SqFt
Beds 2
Baths 1
Year Built 1918
Property Type Single Family
Ownership Type Individual
APN 585160
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
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
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