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
Bellflower Ct622$667,3332,716 Sq.Ft.4/6/2020Bellflower St832$651,8752,502 Sq.Ft.9/13/2022Bell Rd6321$301,2101,362 Sq.Ft.5/23/2025Belmont St3721$411,5484,733 Sq.Ft.10/17/2023Belvedere St3443$718,0003,957 Sq.Ft.10/25/2024Benham Ave1842$472,2221,881 Sq.Ft.1/12/2024Benjamin Ave2043$523,5501,989 Sq.Ft.5/10/2024Benji Ct421$364,2501,304 Sq.Ft.6/7/2007Benton Ct1432$378,2141,115 Sq.Ft.8/30/2024Ben Vista Dr2122$545,3332,434 Sq.Ft.6/7/2023Bergman Pl1032$782,9003,684 Sq.Ft.6/15/2023Berkshire Ct1333$676,0772,660 Sq.Ft.2/12/2025Bermuda Ln432$326,7501,200 Sq.Ft.2/18/2025Bernard St1432$585,4292,294 Sq.Ft.4/11/2022Berndt Hill Dr2732$530,5192,016 Sq.Ft.1/24/2025Berry St6521$360,7231,489 Sq.Ft.2/27/2025Best Rd1954$1,457,5634,822 Sq.Ft.2/15/2024Bethel Heights Rd4732$1,116,8793,360 Sq.Ft.8/6/2021Bethel Rd1032$942,1003,183 Sq.Ft.8/16/2021Beth St2032$437,1501,775 Sq.Ft.5/20/2024Bette Ct254N/A6,839 Sq.Ft.8/9/2018Betty Ln532$816,2002,613 Sq.Ft.10/17/2017Beutler Dr253$580,0005,146 Sq.Ft.1/9/2014Beverly Ave2631$430,6888,460 Sq.Ft.7/29/2024Bieber St1321$333,2311,436 Sq.Ft.11/22/2023Biegler Ln1321$543,0771,986 Sq.Ft.9/14/2021Big Fir Pl563$681,2002,806 Sq.Ft.11/11/2021Bigland Ln232$1,206,0003,996 Sq.Ft.9/10/2020Big Mountain Ave1832$587,8242,019 Sq.Ft.7/1/2022Big Rock Ct432$414,5001,316 Sq.Ft.7/6/2023Bill Frey Dr2N/AN/AN/A94,577 Sq.Ft.6/28/2019Billie Ln243$632,0002,619 Sq.Ft.9/29/2017Bills Ln432$609,2501,815 Sq.Ft.7/18/2017Biltmore Ave132$526,0001,770 Sq.Ft.12/26/2024Birdhill Dr343$938,3333,402 Sq.Ft.4/5/2024Bison Ct1632$490,5632,212 Sq.Ft.5/11/2022Bivens St1542$461,2001,875 Sq.Ft.2/23/2024Blackberry Ln232$359,5001,394 Sq.Ft.12/18/2020Blackbird Ct1632$377,1251,193 Sq.Ft.6/20/2024Blackcherry Ct1632$397,1881,329 Sq.Ft.11/13/2024Blackhawk Ct722$1,072,1674,216 Sq.Ft.9/4/2018Blacktail Deer Ct932$470,4441,732 Sq.Ft.9/28/2020Blaine Ct532$364,2001,171 Sq.Ft.7/12/2013Blair Ct1232$391,0831,340 Sq.Ft.8/22/2022Blanche Ln1132$362,1821,595 Sq.Ft.3/11/2025Blanco Ct832$739,2502,686 Sq.Ft.8/4/2021Blaze Pl642$1,107,8333,301 Sq.Ft.6/21/2023Blazer Ln321$866,6672,491 Sq.Ft.4/6/2022Blazing Star Ct1732$432,8821,626 Sq.Ft.7/23/2024Blessing Ln352$481,0004,435 Sq.Ft.11/17/2016Bliler Ave3421$346,9682,035 Sq.Ft.8/23/2023Blk 12th St1N/AN/AN/AN/AN/ABlk 13th St1N/AN/AN/AN/AN/ABlk 14th St1N/AN/AN/AN/AN/ABlk 18th Ave1N/AN/A$411,0001,134 Sq.Ft.N/ABlk 20th St1N/AN/AN/A10 Sq.Ft.N/ABlk 21st St3N/AN/A$216,500N/A5/30/2019Blk 22nd St1N/AN/AN/A2,400 Sq.Ft.N/ABlk 24th St1N/AN/A$327,000N/AN/ABlk 4th St2N/AN/A$539,000N/AN/ABlk Alameda St1N/AN/AN/AN/AN/ABlk Auburn Rd1N/AN/AN/AN/AN/ABlk Bates Rd1N/AN/A$644,000792 Sq.Ft.N/ABlk Beverly Ave1N/AN/AN/AN/AN/ABlk Camellia Dr1N/AN/A$197,000N/AN/ABlk Center St1N/AN/AN/AN/AN/ABlk Chemeketa St2N/AN/AN/AN/A10/9/2023Blk Clarmar Dr1N/AN/A$375,000N/AN/ABlk Coburn St1N/AN/A$171,000N/AN/ABlk Colonial Ave1N/AN/A$624,000N/A8/30/2013Blk Columbia St1N/AN/AN/AN/AN/ABlk Commercial St8N/AN/AN/A3,392 Sq.Ft.2/7/2007Blk Concord St1N/AN/AN/A20 Sq.Ft.N/ABlk Continental Cir1N/AN/AN/AN/AN/ABlk Court St1N/AN/AN/A10 Sq.Ft.N/ABlk Cross St1N/AN/AN/AN/AN/ABlk Dennis Ln1N/AN/AN/A192 Sq.Ft.N/ABlk Doral Dr1N/AN/A$149,000N/AN/ABlk D St1N/AN/AN/AN/AN/ABlk Durbin Ave1N/AN/AN/AN/AN/ABlk Elderberry Dr2N/AN/A$206,000N/A8/19/2022Blk Elizabeth St1N/AN/AN/AN/AN/ABlk Ellis Ave1N/AN/AN/AN/AN/ABlk Elma Ave2N/AN/A$317,000864 Sq.Ft.N/ABlk Evergreen Ave2N/AN/AN/A10 Sq.Ft.N/ABlk Fairgrounds Rd1N/AN/AN/AN/A1/11/2008Blk Fairview Ave1N/AN/AN/AN/A12/14/2005Blk Fairway Ave1N/AN/AN/AN/AN/ABlk Felton St1N/AN/A$425,000160 Sq.Ft.N/ABlk Ferry St1N/AN/AN/AN/AN/ABlk Fir Knoll Ln1N/AN/AN/AN/A6/23/2006Blk Fisher Rd3N/AN/AN/A10 Sq.Ft.N/ABlk Front St2N/AN/A$362,000432 Sq.Ft.1/2/2024Blk Gladmar St1N/AN/AN/A10 Sq.Ft.N/ABlk Glendale Ave1N/AN/AN/AN/AN/ABlk Glenwood Dr1N/AN/A$210,000N/AN/ABlk Grear St1N/AN/AN/A10 Sq.Ft.9/27/2001Blk Gregory Ln1N/AN/A$373,000457 Sq.Ft.N/ABlk Hall St1N/AN/AN/AN/AN/ABlk Hawthorne Ave3N/AN/A$295,000N/A8/20/2024295 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
2360 Park Ave NESalem, OR 97301
Estimated Value $350,000
Living Area 1,042 SqFt
Beds 3
Baths 1
Year Built 1973
Property Type Single Family
Ownership Type Individual
APN 565352
Neighborhood Lansing
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
233 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
135 Wander Way SESalem, OR 97301
Estimated Value $336,000
Living Area 1,038 SqFt
Beds 3
Baths 2
Year Built 2002
Property Type Single Family
Ownership Type Individual
APN 527596
Neighborhood Southeast Salem
School District Salem-Keizer School District 24J
2460 Maple Ave NESalem, OR 97301
Estimated Value $315,000
Living Area 1,208 SqFt
Beds 1
Baths 1
Year Built 1947
Property Type Single Family
Ownership Type Multiple
APN 577268
Neighborhood Highland
School District Salem-Keizer School District 24J
1997 23rd St NESalem, OR 97301
Estimated Value $357,000
Living Area 960 SqFt
Beds 2
Baths 1
Year Built 1950
Property Type Single Family
Ownership Type Individual
APN 581612
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
2142 Bruce St NESalem, OR 97301
Estimated Value $350,000
Living Area 1,416 SqFt
Beds 2
Baths 1
Year Built 1946
Property Type Single Family
Ownership Type Individual
APN 527108
Neighborhood Lansing
School District Salem-Keizer School District 24J
637 20th St NESalem, OR 97301
Estimated Value $356,000
Living Area 1,874 SqFt
Beds 3
Baths 1
Year Built 1915
Property Type Single Family
Ownership Type Related
APN 527511
Neighborhood Northeast Neighbors
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
860 20th St SESalem, OR 97301
Estimated Value $270,000
Living Area 1,180 SqFt
Beds 1
Baths 1
Year Built 1935
Property Type Single Family
Ownership Type Related
APN 583202
Neighborhood Southeast Salem
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
585 Richmond Ave SESalem, OR 97301
Estimated Value $354,000
Living Area 962 SqFt
Beds 4
Baths 2
Year Built 1925
Property Type Single Family
Ownership Type Individual
APN 587350
Neighborhood Southeast Salem
School District Salem-Keizer School District 24J
1567 Park Ave NESalem, OR 97301
Estimated Value $373,000
Living Area 1,744 SqFt
Beds 4
Baths 2
Year Built 1949
Property Type Single Family
Ownership Type Corporate
APN 527036
Neighborhood Northeast Salem
School District Salem-Keizer School District 24J
780 Thompson Ave NESalem, OR 97301
Estimated Value $301,000
Living Area 720 SqFt
Beds 2
Baths 1
Year Built 1942
Property Type Single Family
Ownership Type Individual
APN 567448
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
785 18th St NESalem, OR 97301
Estimated Value $320,000
Living Area 1,227 SqFt
Beds 3
Baths 1
Year Built 1935
Property Type Single Family
Ownership Type Individual
APN 572260
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J