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
Rialto Ave1431$359,5001,199 Sq.Ft.5/29/2025Richard St732$212,6671,321 Sq.Ft.12/22/2016Rich Dr3N/AN/AN/A4,034 Sq.Ft.7/12/2016Richie Ln232$422,0001,398 Sq.Ft.2/14/2019Richland Ave2N/A2N/A625 Sq.Ft.N/ARichmond Ave3521$386,0591,505 Sq.Ft.1/9/2025Rickey St1242$450,0009,959 Sq.Ft.6/28/2019Rickman Rd1N/AN/AN/A10 Sq.Ft.N/ARicks Ln232$465,0001,762 Sq.Ft.11/22/2019Ridge Dr4043$331,37512,152 Sq.Ft.5/18/2022Ridge St1532$492,8001,852 Sq.Ft.10/3/2023Ridgewood Ln112$472,0002,050 Sq.Ft.N/ARiesling Way621$1,123,8333,740 Sq.Ft.6/4/2013Riggs St1332$653,5452,468 Sq.Ft.12/17/2021Riley Ct1232$483,9171,766 Sq.Ft.12/3/2024Ring Ln1932$399,7891,282 Sq.Ft.6/22/2023Rio Vista Way1121$890,9093,337 Sq.Ft.12/19/2022Rippling Brook Dr3432$839,3823,400 Sq.Ft.8/29/2024Rising Iris Ln333$602,5002,173 Sq.Ft.6/2/2008Rising St1932$441,4741,513 Sq.Ft.3/24/2020Riting Ct1032$532,2001,900 Sq.Ft.5/28/2024Ritter Ln222$727,0003,116 Sq.Ft.12/20/2016River Bend Rd5442$530,1282,698 Sq.Ft.9/6/2024Riverdale Rd10332$800,8853,383 Sq.Ft.5/6/2025Riverhaven Dr1021$451,4001,894 Sq.Ft.1/24/2022River Heights Ln732$985,3333,474 Sq.Ft.12/2/2022River Rd19432$743,0459,647 Sq.Ft.5/16/2025Riverside Dr3653$814,0634,602 Sq.Ft.2/19/2025Riverside Rd122$1,113,0008,218 Sq.Ft.9/25/2019River Springs Dr1621$910,4673,007 Sq.Ft.5/26/2023River St1021$295,5001,235 Sq.Ft.5/7/2020Riverton St822$299,0001,162 Sq.Ft.8/1/2021River Valley Dr1332$396,0835,448 Sq.Ft.8/8/2024Riverview Dr2832$448,8571,838 Sq.Ft.7/27/2023Riviera Dr932$428,3331,721 Sq.Ft.2/5/2021Roanoke Dr321$872,3335,615 Sq.Ft.12/29/2020Roberta Ave632$610,1672,336 Sq.Ft.4/12/2025Robert Ave3521$371,9121,407 Sq.Ft.12/20/2023Roberts Ridge Rd522$948,2503,531 Sq.Ft.4/20/2018Robin Hood St2332$433,0001,390 Sq.Ft.4/29/2024Robins Ln38132$217,2031,936 Sq.Ft.7/27/2020Rochester St2043$744,6324,289 Sq.Ft.6/13/2024Rock Creek Ct1332$397,5381,245 Sq.Ft.4/7/2023Rock Creek Dr5432$431,2041,380 Sq.Ft.3/20/2025Rockdale St352$306,0004,199 Sq.Ft.4/29/2016Rocket St442$464,0001,724 Sq.Ft.10/9/2019Rockingham Ct1143$454,5452,215 Sq.Ft.9/20/2024Rocking Horse Rd432$1,011,2507,061 Sq.Ft.11/3/2017Rockland Dr1042$505,1002,429 Sq.Ft.3/20/2025Rockwood Park Ct1N/AN/AN/A23,552 Sq.Ft.3/7/2008Rockwood Park Dr2N/AN/AN/A59,414 Sq.Ft.N/ARockwood St3532$452,7651,601 Sq.Ft.9/24/2024Rocky Ridge Ave1532$487,8571,765 Sq.Ft.12/13/2024Rocky Way433$596,7503,574 Sq.Ft.11/28/2018Rodan Ave1732$361,8241,321 Sq.Ft.4/29/2025Rodeo Dr2532$361,5601,211 Sq.Ft.6/6/2023Rodgers Creek Ln343$831,0002,348 Sq.Ft.7/21/2016Rodney Ln422$966,2503,683 Sq.Ft.11/12/2015Roger Ln621$338,1671,136 Sq.Ft.4/29/2021Rogers Ln4932$483,3061,732 Sq.Ft.9/30/2024Rogets Ct2432$410,6671,495 Sq.Ft.1/9/2025Roggy Ct721$310,714903 Sq.Ft.2/6/2025Rogue Ave1332$716,3082,511 Sq.Ft.9/7/2023Rolletti Dr2632$570,3461,832 Sq.Ft.1/14/2025Rollin Ave1233$505,8331,949 Sq.Ft.10/18/2024Rolling Hills Ave2322$584,1742,052 Sq.Ft.4/4/2025Ronald Ave431$371,2501,080 Sq.Ft.9/27/2023Ronelle St1133$432,6361,571 Sq.Ft.5/21/2024Roosevelt Loop1943$589,8952,482 Sq.Ft.4/11/2022Roosevelt St3122$418,9671,712 Sq.Ft.2/10/2025Rose Blossom Ct443$567,0002,338 Sq.Ft.7/28/2017Rosebowl Ln722$440,6672,156 Sq.Ft.5/30/2025Rosebrook Ct1432$431,5711,398 Sq.Ft.4/3/2024Rosebrooke Ct1N/AN/AN/AN/AN/ARosedale Ln421$729,7502,658 Sq.Ft.6/8/2021Rose Garden St1N/AN/AN/A164,539 Sq.Ft.N/ARoselawn Dr1731$354,2941,210 Sq.Ft.12/5/2024Roselle Way1132$400,4551,332 Sq.Ft.7/18/2023Rosemary Ln832$422,3751,721 Sq.Ft.4/30/2025Rosemeadow Ln1332$932,1673,939 Sq.Ft.10/25/2024Rosemont Ave5031$331,4081,293 Sq.Ft.11/12/2024Rose St2921$380,5521,622 Sq.Ft.4/25/2024Rosetta Ln222$392,0001,250 Sq.Ft.8/11/2022Roseway Ct1232$478,9171,685 Sq.Ft.9/11/2024Rosewood Dr853$460,8752,348 Sq.Ft.2/3/2022Rosey View St422$1,115,0003,471 Sq.Ft.11/8/2024Ross Ct2032$405,5001,474 Sq.Ft.8/28/2023Round Table Ave632$428,6671,309 Sq.Ft.2/24/2025Round Tree Ave643$664,3332,606 Sq.Ft.4/13/2020Roush Ct352$767,3332,612 Sq.Ft.5/6/2020Royalann Ct1432$542,2142,074 Sq.Ft.7/29/2019Royal Crown Ave243$624,5002,434 Sq.Ft.10/12/2022Royal Oak Ct1032$366,6001,206 Sq.Ft.7/25/2018Royal St521$340,0001,229 Sq.Ft.11/13/2023Royalty Cir4532$222,3861,673 Sq.Ft.12/10/2021Royalty Dr7332$385,3101,296 Sq.Ft.6/11/2025Royer Rd322$1,170,6674,027 Sq.Ft.3/14/2013Royvonne Ave1232$1,134,75016,158 Sq.Ft.4/22/2015Ruby Ct732$462,2861,901 Sq.Ft.9/22/2020Ruge St7531$341,9861,304 Sq.Ft.11/22/2024698 Thompson Ave NESalem, OR 97301
Estimated Value $344,000
Living Area 1,483 SqFt
Beds 2
Baths 2
Year Built 1948
Property Type Single Family
Ownership Type Multiple
APN 567555
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
860 Shipping St NESalem, OR 97301
Estimated Value $292,000
Living Area 1,272 SqFt
Beds 1
Baths 2
Year Built 1923
Property Type Single Family
Ownership Type Corporate
APN 584707
Neighborhood Grant
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
1510 15th St NESalem, OR 97301
Estimated Value $355,000
Living Area 1,462 SqFt
Beds 2
Baths 1.5
Year Built 1951
Property Type Single Family
Ownership Type Multiple
APN 567703
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
1125 5th St NESalem, OR 97301
Estimated Value $474,000
Living Area 2,880 SqFt
Beds 1
Baths 2
Year Built 1935
Property Type Single Family
Ownership Type Individual
APN 584334
Neighborhood Grant
School District Salem-Keizer School District 24J
1384 Tripp St SESalem, OR 97302
Estimated Value $374,000
Living Area 1,736 SqFt
Beds 2
Baths 2
Year Built 1910
Property Type Single Family
Ownership Type Multiple
APN 571055
Neighborhood Southeast 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
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
1925 17th St NESalem, OR 97301
Estimated Value $369,000
Living Area 1,443 SqFt
Beds 1
Baths 1.5
Year Built 1945
Property Type Single Family
Ownership Type Multiple
APN 588136
Neighborhood Northeast Neighbors
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
410 18th St NESalem, OR 97301
Estimated Value $441,000
Living Area 1,080 SqFt
Beds 2
Baths 1
Year Built 1925
Property Type Single Family
Ownership Type Related
APN 595577
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
272 Laurine St NESalem, OR 97301
Estimated Value $465,000
Living Area 2,359 SqFt
Beds 1
Baths 1.5
Year Built 2006
Property Type Single Family
Ownership Type Multiple
APN 332232
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
490 Academy St NESalem, OR 97301
Estimated Value $320,000
Living Area 1,260 SqFt
Beds 3
Baths 1.5
Year Built 1950
Property Type Single Family
Ownership Type Multiple
APN 578199
Neighborhood Highland
School District Salem-Keizer School District 24J
1855 Bellevue St SESalem, OR 97301
Estimated Value $225,000
Living Area 726 SqFt
Beds 2
Baths 1
Year Built 1930
Property Type Single Family
Ownership Type Individual
APN 566328
Neighborhood Southeast Salem
School District Salem-Keizer School District 24J
1525 19th St NESalem, OR 97301
Estimated Value $385,000
Living Area 1,419 SqFt
Beds 3
Baths 1
Year Built 1929
Property Type Single Family
Ownership Type Individual
APN 579970
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J