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
Selway St2332$414,2611,305 Sq.Ft.11/17/2024Senate St831$348,42911,249 Sq.Ft.6/5/2023Seneca Ave2432$465,4781,902 Sq.Ft.5/14/2025Sequoia St232$723,0008,360 Sq.Ft.5/29/2013Serena Way642$609,8332,554 Sq.Ft.3/23/2023Serendipity St632$383,2001,268 Sq.Ft.1/30/2024Serenity Dr622$990,6672,924 Sq.Ft.10/22/2019Sereno Ct432$413,5001,507 Sq.Ft.11/21/2023Serge Ln232$388,0001,228 Sq.Ft.4/11/2022Sergio Pl331$526,3332,652 Sq.Ft.5/10/2021Serline Way342$454,0002,080 Sq.Ft.12/11/2017Serra Ct2832$427,5361,659 Sq.Ft.2/23/2024Sesame Ln432$350,2501,217 Sq.Ft.7/12/2022Sesame St4232$445,5001,782 Sq.Ft.5/30/2025Settlers Ct1232$434,1671,460 Sq.Ft.9/21/2023Settlers Dr6032$389,3831,318 Sq.Ft.6/3/2025Settlers Spring Dr1243$671,2502,529 Sq.Ft.10/27/2023Shade St121$334,000948 Sq.Ft.1/18/2024Shade Tree Ln232$340,0001,352 Sq.Ft.6/12/2019Shadow Ln232$722,00038,656 Sq.Ft.N/AShady Ln1N/AN/AN/A10 Sq.Ft.2/21/2001Shady Oak Way243$1,125,5003,857 Sq.Ft.7/17/2017Shale St932$694,3332,650 Sq.Ft.4/10/2024Shall St1N/A3$479,0001,952 Sq.Ft.1/3/2023Shamrock Dr1831$385,8891,382 Sq.Ft.5/8/2025Shangri La Ave3831$422,1051,825 Sq.Ft.2/28/2025Shaniko Ct1432$467,0711,847 Sq.Ft.9/3/2024Shaniko Way832$460,7502,143 Sq.Ft.9/26/2023Shannon Ave831$362,8751,022 Sq.Ft.5/29/2025Sharon Loop2932$384,1031,193 Sq.Ft.9/8/2023Shasta St111$782,0003,502 Sq.Ft.N/AShawn Ct932$429,1111,682 Sq.Ft.2/20/2025Shawnee Dr1032$394,6001,478 Sq.Ft.11/5/2024Shawnee Ln732$388,1671,286 Sq.Ft.5/13/2021Shaw St1N/A2$881,000984 Sq.Ft.N/AShelley St621$333,500968 Sq.Ft.9/10/2024Shellyanne Way1432$148,9291,374 Sq.Ft.N/AShelton St1421$307,286957 Sq.Ft.4/20/2022Shenandoah Dr4132$376,4391,425 Sq.Ft.1/30/2025Sherry Ct511$387,4001,530 Sq.Ft.6/25/2024Sherwood Ct212$695,0003,640 Sq.Ft.12/13/2004Shetland Ct1032$332,2001,222 Sq.Ft.2/11/2025Shiloh Ct832$603,1252,217 Sq.Ft.3/7/2025Shiloh St2732$431,6671,344 Sq.Ft.8/4/2023Shipman Ln1232$713,6673,977 Sq.Ft.7/21/2023Shipping St5021$393,1742,283 Sq.Ft.4/2/2025Shipps Pl1132$421,6361,768 Sq.Ft.11/22/2022Shire Ct332$397,3331,339 Sq.Ft.12/23/2021Shirley Ct232$222,0001,293 Sq.Ft.9/20/2005Shoebox Chevy Way132$833,0001,917 Sq.Ft.N/AShoreline Dr3N/AN/AN/A742 Sq.Ft.N/AShores St4332$367,3571,238 Sq.Ft.3/12/2025Short Line Ln432$404,2501,454 Sq.Ft.6/10/2021Short St531$371,0001,153 Sq.Ft.10/24/2024Shoshone Ct222$408,0001,428 Sq.Ft.12/27/2021Shropshire Ave722$1,726,7145,840 Sq.Ft.6/10/2024Shultz Way232$381,5001,794 Sq.Ft.9/25/2019Siddall St2332$438,0001,533 Sq.Ft.4/17/2025Sidney Rd611$785,7502,290 Sq.Ft.N/ASienna Dr632$376,5001,270 Sq.Ft.5/2/2021Sierra Dr622$891,0003,614 Sq.Ft.5/13/2019Siesta Ct1832$392,0561,346 Sq.Ft.10/24/2023Silas Ct1043$576,4002,359 Sq.Ft.2/26/2024Silby Ln522$292,8001,311 Sq.Ft.11/18/2021Silva Ave432$513,0002,009 Sq.Ft.4/13/2023Silvercedar Pl1N/AN/AN/A78,624 Sq.Ft.N/ASilver Hills Cir4332$635,4422,398 Sq.Ft.10/16/2024Silver Loop7332$155,1231,425 Sq.Ft.N/ASilverpark Pl1N/AN/AN/A128,448 Sq.Ft.N/ASilverstone Ct942$437,3331,845 Sq.Ft.2/3/2022Silverstone Dr2932$468,4481,969 Sq.Ft.12/7/2023Silverton Rd22632$485,5128,718 Sq.Ft.4/9/2025Simmons St443N/A4,082 Sq.Ft.12/4/2024Simon St633$848,5003,714 Sq.Ft.4/26/2017Simpson St2521$399,4001,837 Sq.Ft.12/11/2024Singlestrand Ave532$386,6001,369 Sq.Ft.9/21/2021Siskyou Ave942$478,7782,135 Sq.Ft.4/24/2025Sisters Ct1843$791,5003,185 Sq.Ft.11/4/2024Sitka Deer Ct2243$540,0002,208 Sq.Ft.8/20/2024Sizemore Dr321$340,6671,401 Sq.Ft.11/4/2021Skopil Ave2021$587,8002,630 Sq.Ft.6/5/2025Skydancer Ln232$384,0001,301 Sq.Ft.12/11/2020Skyflower Ave522$474,6002,097 Sq.Ft.7/22/2020Skylab Ave5942$490,7971,918 Sq.Ft.4/21/2025Skylark Ln241$973,0005,308 Sq.Ft.N/ASkyler Pl732$419,5711,573 Sq.Ft.6/12/2025Skyline Ct1232$559,8332,576 Sq.Ft.3/22/2024Skyline Rd10743$790,5007,545 Sq.Ft.10/11/2024Skyline Village Loop1842$531,0007,393 Sq.Ft.5/21/2024Skyline Way1731$396,0001,230 Sq.Ft.10/10/2024Sky Ln322$750,6673,925 Sq.Ft.11/19/2010Skyridge Ln322$984,0003,651 Sq.Ft.12/29/2016Sky Ter1332$868,2313,764 Sq.Ft.3/10/2025Skyway Ct532$632,6002,651 Sq.Ft.9/17/2023Skyway St1032$548,5002,149 Sq.Ft.1/29/2025Smith Rd264$550,5002,925 Sq.Ft.3/29/2016Smith Rock St1022$594,4002,531 Sq.Ft.1/25/2022Smith St2N/AN/AN/A1,712 Sq.Ft.1/7/2015Smokestack Ln1032$412,2001,470 Sq.Ft.1/9/2023Smoketree Dr2122$619,6672,437 Sq.Ft.7/27/2023465 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
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
1855 23rd St NESalem, OR 97301
Estimated Value $391,000
Living Area 1,099 SqFt
Beds 2
Baths 1
Year Built 1942
Property Type Single Family
Ownership Type Individual
APN 581599
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
443 17th St NESalem, OR 97301
Estimated Value $321,000
Living Area 916 SqFt
Beds 2
Baths 1
Year Built 1949
Property Type Single Family
Ownership Type Related
APN 596491
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
1098 E St NESalem, OR 97301
Estimated Value $480,000
Living Area 1,910 SqFt
Beds 1
Baths 1
Year Built 1925
Property Type Single Family
Ownership Type Multiple
APN 585610
Neighborhood Grant
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
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
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
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
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
2245 Laurel Ave NESalem, OR 97301
Estimated Value $314,000
Living Area 823 SqFt
Beds 2
Baths 1
Year Built 1946
Property Type Single Family
Ownership Type Multiple
APN 586280
Neighborhood Highland
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
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
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
2380 Center St NESalem, OR 97301
Estimated Value $302,000
Living Area 915 SqFt
Beds 2
Baths 1
Year Built 1947
Property Type Single Family
Ownership Type Individual
APN 595633
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J