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
Smokey Way832$136,5001,377 Sq.Ft.N/ASnoopy Ct1432$387,1431,348 Sq.Ft.3/8/2023Snoopy Ln2932$401,7241,432 Sq.Ft.3/16/2024Snow Ball Ave822$468,0001,664 Sq.Ft.2/22/2022Snowberry St1832$421,8821,501 Sq.Ft.3/17/2025Snowbird Ct743$810,4293,192 Sq.Ft.10/9/2024Snowbird Dr3133$700,1292,828 Sq.Ft.7/2/2024Snowflake St3132$470,0321,703 Sq.Ft.10/18/2023Snow Peak Way433$843,2503,315 Sq.Ft.5/8/2018Snow White Way2622$665,6542,913 Sq.Ft.11/18/2022Soapstone Ave3232$711,0942,743 Sq.Ft.1/8/2025Solitude Ln112$783,0002,473 Sq.Ft.1/8/2016Somerset Ct431$380,5001,160 Sq.Ft.8/19/2024Somerset Dr1532$377,6001,294 Sq.Ft.9/1/2021Songbird Ct822$551,2502,008 Sq.Ft.6/8/2022Song Sparrow St1732$351,5881,247 Sq.Ft.1/11/2022Sonora Way1332$446,1541,691 Sq.Ft.8/22/2024Sonya Dr2032$775,5263,651 Sq.Ft.5/16/2025Sorensen Ct2N/AN/AN/AN/AN/ASorenson Ct642$385,0001,258 Sq.Ft.12/4/2020Sorrel Ct1432$397,4291,639 Sq.Ft.5/23/2025Sorrento St822$681,8752,337 Sq.Ft.2/9/2023Southampton Ct532$600,4003,197 Sq.Ft.3/6/2025Southampton Dr3632$700,3612,672 Sq.Ft.5/30/2025Southbend Dr2132$568,3332,295 Sq.Ft.6/1/2022Southridge Pl542$662,6003,173 Sq.Ft.2/17/2022South St1721$323,1881,099 Sq.Ft.9/25/2023Southstar Ct1432$405,9291,502 Sq.Ft.9/18/2024Southview Pl1721$387,2351,190 Sq.Ft.2/18/2025Southwood Ct1222$807,4172,899 Sq.Ft.11/19/2024Sparrow Ct1632$375,0671,293 Sq.Ft.6/18/2024Sparrow Dr432$363,7501,294 Sq.Ft.12/20/2018Sparta Loop3232$529,6882,147 Sq.Ft.1/31/2024Spears Ave1731$409,0001,692 Sq.Ft.2/25/2025Spelbrink Ln633$865,6673,394 Sq.Ft.4/24/2025Spencer Pl332$593,0002,309 Sq.Ft.12/2/2020Sphinx Ct1532$395,7331,375 Sq.Ft.8/3/2021Spicetree Ln4932$537,0422,010 Sq.Ft.2/4/2025Spirit Way332$408,0001,762 Sq.Ft.4/12/2019Spooner Ct1532$738,6002,785 Sq.Ft.3/26/2025Spooner St532$673,2002,448 Sq.Ft.9/21/2022Sprice Ct632$395,3331,237 Sq.Ft.3/28/2018Springcrest Ct542$517,2001,927 Sq.Ft.9/30/2022Springcrest Dr1352$590,3082,793 Sq.Ft.2/18/2025Springdale Ct1332$412,8461,498 Sq.Ft.4/9/2025Springer Ave232$408,5001,120 Sq.Ft.7/14/2022Spring Hollow Ln421$1,087,7504,771 Sq.Ft.3/14/2025Spring St2032$543,5502,006 Sq.Ft.8/3/2024Spring Valley Ln1632$591,3852,018 Sq.Ft.10/31/2024Spring Valley Rd4443$877,5123,233 Sq.Ft.4/23/2025Springwood Ave4332$537,0231,999 Sq.Ft.1/21/2025Spruce St3821$353,7371,333 Sq.Ft.7/17/2023Spyglass Ct1632$482,2501,732 Sq.Ft.8/20/2020Squire Ct1232$366,9171,158 Sq.Ft.5/15/2025Squirrel Hill Rd1432$737,9003,047 Sq.Ft.11/29/2021Stacia Ln232$451,5001,641 Sq.Ft.N/AStacy Pl442$415,0001,894 Sq.Ft.6/11/2018Stafford Ln1N/AN/AN/A26,622 Sq.Ft.6/27/2017Stagecoach Way1322$747,9232,849 Sq.Ft.4/30/2025Stageline Ln522$923,4003,649 Sq.Ft.12/14/2004Stair Way2N/AN/AN/A17,850 Sq.Ft.N/AStandish Ct1332$761,8462,974 Sq.Ft.4/12/2022Stanley Ln4932$456,3881,767 Sq.Ft.4/25/2025Stardancer Ln211$383,5001,252 Sq.Ft.12/2/2024Stardust Ln332$433,0001,838 Sq.Ft.7/25/2014Starflower Ct922$599,7782,329 Sq.Ft.10/3/2024Stark St2732$379,1921,388 Sq.Ft.5/9/2025Starlight Dr1532$437,7331,662 Sq.Ft.11/19/2024Starr Ct2432$377,2921,292 Sq.Ft.12/22/2021Starview Ln322$1,541,6674,621 Sq.Ft.7/21/2020Statesman St2021$356,2941,981 Sq.Ft.4/28/2025State St42632$554,1108,100 Sq.Ft.5/30/2025Stauber Ln332$742,0003,878 Sq.Ft.7/11/2001Steele Ln222$835,5002,854 Sq.Ft.8/16/2019Steelhead Ln232$399,0001,165 Sq.Ft.2/23/2012Steens Ct543$723,6002,686 Sq.Ft.3/30/2020Stefon Ct322$673,3332,597 Sq.Ft.5/30/2025Stellers Eagle St4143$592,6342,544 Sq.Ft.5/7/2025Stephens St1132$409,1821,560 Sq.Ft.9/30/2021Stevie Ln242$776,5004,072 Sq.Ft.7/26/2002Stewart St1622$445,7502,357 Sq.Ft.6/28/2021St Helens St732$682,5712,480 Sq.Ft.7/9/2024Stilson Ln343$767,6672,436 Sq.Ft.11/24/2020Stockton Ave1032$386,3001,255 Sq.Ft.5/31/2023Stonecrest Dr1332$879,2313,284 Sq.Ft.12/16/2021Stonehill Ave1222$510,0001,794 Sq.Ft.11/7/2018Stoneway Ct732$544,7142,087 Sq.Ft.5/16/2022Stoneway Dr6732$484,5083,091 Sq.Ft.2/27/2025Stoneway Ter1N/AN/AN/A7,317 Sq.Ft.1/27/2011Stortz Ave5931$362,1931,483 Sq.Ft.5/15/2025Strand Ave621$302,5001,142 Sq.Ft.9/15/2016Stratford Dr642$1,052,66712,630 Sq.Ft.6/8/2022Stratus Ct521$606,0002,311 Sq.Ft.6/30/2021Strawberry Ct1632$453,1251,742 Sq.Ft.7/28/2022Stroll Ct732$426,5711,401 Sq.Ft.11/3/2021Strong Heights Ln2322$606,1742,223 Sq.Ft.12/16/2024Strong Rd3322$490,7781,658 Sq.Ft.9/4/2024Stubb St322$706,5003,477 Sq.Ft.4/24/2017Studio Ct1032$364,6001,180 Sq.Ft.5/11/2021Sturgess Ln222$627,0001,599 Sq.Ft.12/24/20191897 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
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
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
1940 Church St NESalem, OR 97301
Estimated Value $332,000
Living Area 1,200 SqFt
Beds 3
Baths 2
Year Built 1926
Property Type Single Family
Ownership Type Corporate
APN 569912
Neighborhood Highland
School District Salem-Keizer School District 24J
1020 Madison St NESalem, OR 97301
Estimated Value $314,000
Living Area 836 SqFt
Beds 2
Baths 1
Year Built 1920
Property Type Single Family
Ownership Type Individual
APN 568801
Neighborhood Grant
School District Salem-Keizer School District 24J
1525 Norway St NESalem, OR 97301
Estimated Value $362,000
Living Area 1,745 SqFt
Beds 3
Baths 1
Year Built 1941
Property Type Single Family
Ownership Type Related
APN 588362
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
1375 Capitol St NESalem, OR 97301
Estimated Value $332,000
Living Area 870 SqFt
Beds 3
Baths 1
Year Built 1931
Property Type Single Family
Ownership Type Individual
APN 582023
Neighborhood Grant
School District Salem-Keizer School District 24J
798 20th St NESalem, OR 97301
Estimated Value $335,000
Living Area 1,079 SqFt
Beds 2
Baths 1.5
Year Built 1910
Property Type Single Family
Ownership Type Individual
APN 567495
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
1140 Donna Ave NESalem, OR 97301
Estimated Value $278,000
Living Area 1,052 SqFt
Beds 2
Baths 1
Year Built 1949
Property Type Single Family
Ownership Type Trust
APN 570150
Neighborhood Highland
School District Salem-Keizer School District 24J
1660 Cottage St NESalem, OR 97301
Estimated Value $384,000
Living Area 856 SqFt
Beds 2
Baths 1
Year Built 1920
Property Type Single Family
Ownership Type Individual
APN 566919
Neighborhood Grant
School District Salem-Keizer School District 24J
1465 Center St NESalem, OR 97301
Estimated Value $363,000
Living Area 1,240 SqFt
Beds 3
Baths 1
Year Built 1926
Property Type Single Family
Ownership Type Individual
APN 527582
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
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
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
925 Madison St NESalem, OR 97301
Estimated Value $325,000
Living Area 1,356 SqFt
Beds 1
Baths 2
Year Built 1928
Property Type Single Family
Ownership Type Individual
APN 584768
Neighborhood Highland
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