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
43rd Way622$97,667953 Sq.Ft.N/A44th Ave6532$368,2031,557 Sq.Ft.5/2/202544th Ct1332$409,6151,546 Sq.Ft.7/20/202144th Pl2232$379,5001,445 Sq.Ft.5/12/202545th Ave24032$394,4722,092 Sq.Ft.5/16/202545th Ct1332$384,0771,437 Sq.Ft.3/1/202445th Pl5932$390,4581,467 Sq.Ft.3/12/202446th Ave12032$413,0341,590 Sq.Ft.4/9/202546th Ct832$387,2501,325 Sq.Ft.3/21/202446th Pl6242$427,3282,492 Sq.Ft.1/7/202547th Ave22932$393,6481,707 Sq.Ft.5/6/202547th Ct3022$277,8331,233 Sq.Ft.7/23/202447th Pl332$376,6671,346 Sq.Ft.12/6/201648th Ave6532$393,7901,548 Sq.Ft.2/10/202548th Ct532$389,6001,575 Sq.Ft.12/6/202449th Ave15632$436,2211,661 Sq.Ft.3/17/202550th Ave4643$856,5386,251 Sq.Ft.8/21/202452nd Ave732$603,5003,530 Sq.Ft.12/18/201853rd Ave2343$1,003,5565,176 Sq.Ft.6/24/202153rd Pl1032$452,8001,812 Sq.Ft.5/4/202354th Ave732$685,6676,751 Sq.Ft.10/1/201554th Ct942$1,001,3755,757 Sq.Ft.6/22/202155th Ave4932$673,4404,374 Sq.Ft.12/23/202455th Ct432$876,5004,920 Sq.Ft.12/14/201256th Ct133$1,442,0007,643 Sq.Ft.6/8/201557th Ave132$567,0002,916 Sq.Ft.3/6/201957th Ct632$969,0004,330 Sq.Ft.12/8/202059th Ave5432$577,2942,430 Sq.Ft.7/16/202459th Ct632$872,3333,657 Sq.Ft.10/9/201460th Ave2832$677,3702,951 Sq.Ft.2/25/202560th Ct422$1,007,0003,342 Sq.Ft.6/11/201962nd Ave7032$727,7913,598 Sq.Ft.8/22/202362nd Ct1932$543,6672,027 Sq.Ft.6/28/202363rd Ave6532$731,4843,651 Sq.Ft.3/24/202564th Ave532$652,6003,593 Sq.Ft.7/6/201664th Ln322$650,6673,897 Sq.Ft.7/8/202164th Pl2132$707,6323,746 Sq.Ft.5/2/202565th Ave2632$672,9204,149 Sq.Ft.12/15/202166th Ave653$844,1673,779 Sq.Ft.N/A67th Ave2032$830,6677,937 Sq.Ft.5/28/202469th Ave743$1,001,5714,693 Sq.Ft.5/12/201570th Ave6132$806,7834,137 Sq.Ft.5/14/202571st Ave3032$696,9319,139 Sq.Ft.5/29/202572nd Ave6032$759,1727,346 Sq.Ft.2/13/202474th Ave6432$920,0974,452 Sq.Ft.10/30/202475th Ave3832$765,2974,438 Sq.Ft.10/8/202475th Pl1122$693,1003,536 Sq.Ft.9/4/202476th Ave2032$787,6003,613 Sq.Ft.6/22/202377th Ave532$700,0003,436 Sq.Ft.8/12/202478th Ave6032$768,9644,461 Sq.Ft.4/24/202580th Ave722$845,1674,208 Sq.Ft.1/28/202281st Ave1632$705,2673,783 Sq.Ft.2/6/202382nd Ave4932$850,2394,702 Sq.Ft.8/10/202383rd St1543$643,6002,929 Sq.Ft.11/21/202484th Ave4N/A1$624,5004,539 Sq.Ft.2/17/202284th Pl1243$867,0004,482 Sq.Ft.11/28/202286th Ave1232$874,6364,540 Sq.Ft.1/16/202488th Ave521$515,2002,186 Sq.Ft.5/27/202293rd Ave132N/A5,797 Sq.Ft.N/A95th Ave1243$1,094,2005,910 Sq.Ft.12/15/2017105th Ave1043$991,8004,939 Sq.Ft.6/23/2020117th Ave222$630,00032,066 Sq.Ft.9/20/2019119th Ave832$785,3753,948 Sq.Ft.5/10/2021Aaron Ct1322$404,3852,029 Sq.Ft.10/19/2005Abbey Ln512$1,155,0003,767 Sq.Ft.8/19/2019Abbie Ave632$457,6671,628 Sq.Ft.5/14/2025Abbot Ln332$401,0001,221 Sq.Ft.8/20/2021Aberdeen St2622$746,0772,989 Sq.Ft.12/31/2024Abigail Ln422$539,7502,380 Sq.Ft.8/4/2020Abiqua Ct1332$374,6151,266 Sq.Ft.3/23/2023Abraham Ave1742$444,9411,970 Sq.Ft.6/26/2024Abrams Ave5521$349,3451,292 Sq.Ft.5/28/2025Acacia Dr1532$775,7333,242 Sq.Ft.4/24/2025Academy St2421$351,2731,370 Sq.Ft.5/30/2023Acorn Hill Ct711$758,1432,830 Sq.Ft.6/23/2019Acorn Ln621$770,5003,274 Sq.Ft.5/24/2024Acts Way554$486,6002,832 Sq.Ft.5/15/2006Adamson Ln442$640,2503,404 Sq.Ft.9/13/2018Adams Ridge Dr322$644,6672,406 Sq.Ft.4/12/2022Adams St2121$323,2381,142 Sq.Ft.11/7/2024Addison Ct522$558,8002,434 Sq.Ft.5/6/2024Addison Dr1722$583,0592,212 Sq.Ft.6/10/2025Adell Ln452$448,0005,865 Sq.Ft.4/20/2018Aden Pl3032$319,5671,561 Sq.Ft.4/29/2025Adobe St4732$383,3191,378 Sq.Ft.5/8/2025Aerial Way3921$428,8062,210 Sq.Ft.2/27/2025Aetna St932$704,0003,398 Sq.Ft.2/10/2021Agate Dr1232$403,3331,277 Sq.Ft.7/19/2023Aguilas Ct542$411,0005,555 Sq.Ft.10/17/2024Ahrens Rd1043$610,4442,591 Sq.Ft.7/25/2019Airport Rd6N/AN/AN/A93,414 Sq.Ft.N/AAirway Dr17N/AN/AN/A8,142 Sq.Ft.10/23/2012Akin Ct1832$409,9441,489 Sq.Ft.7/10/2023Alameda St2631$364,9231,357 Sq.Ft.11/8/2024Alana Ave1932$419,0001,399 Sq.Ft.5/8/2025Alaska St632$702,6673,020 Sq.Ft.3/25/2024Alberta Ave4032$391,7501,636 Sq.Ft.8/1/2024Albert Dr3221$456,2811,729 Sq.Ft.3/26/2025Albert Ln542$388,6002,139 Sq.Ft.10/17/2018Albion Ct922$728,8893,039 Sq.Ft.5/21/20242348 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
2060 Bruce St NESalem, OR 97301
Estimated Value $284,000
Living Area 1,140 SqFt
Beds 1
Baths 1
Year Built 1946
Property Type Single Family
Ownership Type Trust
APN 527088
Neighborhood Lansing
School District Salem-Keizer School District 24J
205 22nd St SESalem, OR 97301
Estimated Value $280,000
Living Area 1,022 SqFt
Beds 2
Baths 1
Year Built 1895
Property Type Single Family
Ownership Type Related
APN 568174
Neighborhood Southeast Salem
School District Salem-Keizer School District 24J
720 17th St NESalem, OR 97301
Estimated Value $368,000
Living Area 1,504 SqFt
Beds 2
Baths 1
Year Built 1948
Property Type Single Family
Ownership Type Individual
APN 572250
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
3227 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
895 15th St NESalem, OR 97301
Estimated Value $337,000
Living Area 1,312 SqFt
Beds 1
Baths 1
Year Built 1930
Property Type Single Family
Ownership Type Individual
APN 526798
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
1897 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
1928 Mccoy Ave NESalem, OR 97301
Estimated Value $379,000
Living Area 1,928 SqFt
Beds 2
Baths 2
Year Built 1965
Property Type Single Family
Ownership Type Individual
APN 586672
Neighborhood Highland
School District Salem-Keizer School District 24J
995 Garnet St NESalem, OR 97301
Estimated Value $458,000
Living Area 1,836 SqFt
Beds 3
Baths 3
Year Built 1949
Property Type Single Family
Ownership Type Individual
APN 587258
Neighborhood Northeast Neighbors
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
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
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
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
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
1715 Waller St SESalem, OR 97302
Estimated Value $296,000
Living Area 780 SqFt
Beds 2
Baths 1
Year Built 1947
Property Type Single Family
Ownership Type Individual
APN 571090
Neighborhood Southeast Salem
School District Salem-Keizer School District 24J