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
Blk Hazel Ave2N/AN/A$936,000N/A8/13/2018Blk Highland Ave3N/AN/AN/AN/A5/6/2008Blk High St1N/AN/AN/AN/AN/ABlk Hillrose St1N/AN/AN/AN/AN/ABlk Hines St1N/AN/AN/AN/AN/ABlk Hudson Ave1N/AN/A$149,000N/A6/3/2008Blk Kearney St1N/AN/AN/A10 Sq.Ft.N/ABlk Labish Garden Rd4N/AN/A$289,3333,000 Sq.Ft.1/7/2015Blk La Branch St2N/AN/A$111,00010 Sq.Ft.8/2/2004Blk Ladd Ave1N/AN/AN/AN/AN/ABlk Lake Labish Rd1N/AN/A$159,000N/AN/ABlk Lancaster Dr3N/AN/A$235,000N/A11/15/2005Blk Lawrence St1N/AN/A$380,000N/AN/ABlk Leffelle St1N/AN/AN/AN/AN/ABlk Lewis St1N/AN/AN/AN/A8/2/2023Blk Liberty Rd3N/AN/AN/AN/AN/ABlk Liberty St1N/AN/AN/AN/A12/22/2004Blk Madison St1N/AN/AN/A10 Sq.Ft.N/ABlk Madrona Ave5N/AN/A$456,0003,153 Sq.Ft.3/12/2001Blk Marion St1N/AN/AN/AN/AN/ABlk Market St1N/AN/AN/A10 Sq.Ft.N/ABlk Maywood Dr1N/AN/A$323,000882 Sq.Ft.N/ABlk Mcgilchrist St1N/AN/AN/AN/AN/ABlk Mimosa St1N/AN/A$392,000N/A10/30/2001Blk Mission St1N/AN/AN/AN/AN/ABlk Missouri Ave1N/AN/A$219,000N/AN/ABlk Mountain View Dr1N/AN/A$170,000N/AN/ABlk Myers St1N/AN/A$206,000N/AN/ABlk Nebraska St1N/AN/A$738,000N/AN/ABlk Neef Ave1N/AN/A$372,000480 Sq.Ft.N/ABlk Nola Ave232$425,0001,765 Sq.Ft.10/27/2020Blk Oakhill Ave1N/AN/A$380,000N/AN/ABlk Oxford St5N/AN/A$341,3331,025 Sq.Ft.8/3/2005Blk Park Ave1N/AN/A$199,000N/A9/17/2021Blk Peck Ave1N/AN/A$429,0001,938 Sq.Ft.N/ABlk Pigeon Hollow Rd8N/AN/A$181,500N/A6/10/2025Blk Portland Rd2N/AN/AN/A10 Sq.Ft.11/3/2008Blk Pringle Rd1N/AN/AN/AN/AN/ABlk Rickey St5N/AN/A$178,000N/AN/ABlk Ridge Dr2N/AN/A$234,000N/A5/18/2022Blk River Rd1N/AN/AN/AN/AN/ABlk Robert Ave1N/AN/AN/AN/AN/ABlk Royal St1N/AN/A$379,000384 Sq.Ft.N/ABlk Rural Ave1N/AN/AN/AN/AN/ABlk Sizemore Dr1N/AN/AN/AN/AN/ABlk Smith St2N/AN/AN/A10 Sq.Ft.2/23/2005Blk Stanley Ln1N/AN/A$216,000N/A9/28/2018Blk State St1N/AN/AN/A8,684 Sq.Ft.N/ABlk Summer St2N/AN/A$517,000N/A5/9/2003Blk Sunnyview Rd1N/AN/A$321,000200 Sq.Ft.N/ABlk Tess Ave1N/AN/A$153,000N/AN/ABlk Union St1N/AN/AN/A10 Sq.Ft.N/ABlk Viewcrest Rd2N/AN/A$306,500N/AN/ABlk Vista Ave2N/AN/A$321,000N/AN/ABlk Waldo Ave1N/AN/A$172,000N/A10/15/2012Blk Water St1N/AN/AN/AN/A2/12/2019Blk Wayside Ter1N/AN/AN/AN/A4/11/2025Blk Weathers St2N/AN/AN/A10 Sq.Ft.N/ABlk Winter St1N/AN/AN/AN/AN/ABlk Woodmansee St1N/AN/A$416,000N/A8/31/2021Blossom Ct122N/A1,686 Sq.Ft.N/ABlossom Dr3432$405,3759,183 Sq.Ft.4/16/2025Blossom Lake Way333$922,6673,603 Sq.Ft.3/19/2020Blossom St732$343,1431,312 Sq.Ft.7/18/2019Bluebell Ave622$655,0002,556 Sq.Ft.10/7/2024Blueberry Ln433$444,2502,765 Sq.Ft.1/29/2024Bluegrass St1032$363,3001,170 Sq.Ft.7/5/2019Blue River Dr4922$368,0411,590 Sq.Ft.3/18/2025Blue Sky Ct1832$414,5001,579 Sq.Ft.12/29/2022Bluff Ave8532$499,1812,292 Sq.Ft.12/6/2024Bluff Ct322$512,3332,116 Sq.Ft.6/2/2015Boaz Ln532$427,2001,924 Sq.Ft.2/4/2020Bobs Ct522$608,8002,669 Sq.Ft.5/22/2023Boehmer St732$549,8572,443 Sq.Ft.6/11/2021Bohannon Ct1132$396,9091,344 Sq.Ft.3/15/2023Bohannon St2132$406,7141,434 Sq.Ft.8/1/2024Boice St2821$538,3932,411 Sq.Ft.7/1/2024Bolivar Ct832$379,3751,329 Sq.Ft.6/29/2023Bolliger Ct632$385,8331,224 Sq.Ft.11/30/2015Bolton Ter3721$652,2432,732 Sq.Ft.3/6/2025Bonanza Dr3932$404,6151,356 Sq.Ft.3/11/2025Bonham St2431$458,2501,699 Sq.Ft.4/26/2023Bonita Pl4N/AN/A$184,000N/A5/29/2024Bonnie Ct1032$921,5003,653 Sq.Ft.12/16/2024Bonnie Way1142$453,2731,835 Sq.Ft.9/27/2024Bonzi Ln232$377,0001,225 Sq.Ft.12/13/2016Boone Rd26732$314,8315,250 Sq.Ft.4/17/2025Borsberry Ln242$804,0003,413 Sq.Ft.8/22/2017Boston Ct632$458,6671,568 Sq.Ft.4/21/2021Boulder Creek St1032$448,2001,751 Sq.Ft.3/1/2022Boulder Dr2921$373,5171,460 Sq.Ft.1/18/2024Boulder Ridge Ct1832$947,5003,207 Sq.Ft.10/15/2024Boundary Dr3532$460,7141,583 Sq.Ft.2/26/2025Bow Ct1132$496,2731,711 Sq.Ft.7/9/2024Bowen Pl542$811,2005,784 Sq.Ft.12/20/2018Bower Ct532$581,4003,138 Sq.Ft.11/2/2012Box Berry Ave942$478,8892,067 Sq.Ft.9/1/2023Box Berry Ct1442$417,4291,676 Sq.Ft.3/19/2025Boxwood Ln2932$433,0001,760 Sq.Ft.10/30/2024Braden Ln1822$688,0002,303 Sq.Ft.4/20/20243227 Ladd Ave NESalem, OR 97301
Estimated Value $379,000
Living Area 1,350 SqFt
Beds 3
Baths 1.5
Year Built 1963
Property Type Single Family
Ownership Type Multiple
APN 588390
Neighborhood Northeast Salem
School District Salem-Keizer School District 24J
1695 4th St NESalem, OR 97301
Estimated Value $266,000
Living Area 1,076 SqFt
Beds 1
Baths 1
Year Built 1925
Property Type Single Family
Ownership Type Related
APN 584472
Neighborhood Grant
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
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
1198 Park Ave NESalem, OR 97301
Estimated Value $369,000
Living Area 1,482 SqFt
Beds 1
Baths 2
Year Built 1946
Property Type Single Family
Ownership Type Individual
APN 527247
Neighborhood Northeast Salem
School District Salem-Keizer School District 24J
935 Garnet St NESalem, OR 97301
Estimated Value $374,000
Living Area 1,768 SqFt
Beds 3
Baths 2
Year Built 1917
Property Type Single Family
Ownership Type Related
APN 587263
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
1780 Grant St NESalem, OR 97301
Estimated Value $377,000
Living Area 1,463 SqFt
Beds 2
Baths 1.5
Year Built 1938
Property Type Single Family
Ownership Type Related
APN 584842
Neighborhood Northeast Neighbors
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
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
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
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
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
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
196 23rd St SESalem, OR 97301
Estimated Value $334,000
Living Area 1,627 SqFt
Beds 3
Baths 1
Year Built 1925
Property Type Single Family
Ownership Type Related
APN 587292
Neighborhood Southeast Salem
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