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
Mule Deer St3342$491,8791,906 Sq.Ft.12/17/2024Mulligan Ct1432$465,2861,670 Sq.Ft.4/30/2021Mullusk Ave143$743,0003,123 Sq.Ft.9/20/2004Muncie St224$482,0002,187 Sq.Ft.7/22/2021Munkers Ct3032$431,4001,712 Sq.Ft.9/3/2024Munkers St5032$396,1461,828 Sq.Ft.3/7/2024Murdock Ct1632$369,9331,305 Sq.Ft.1/31/2025Murhammer Ln522$1,117,2004,701 Sq.Ft.5/24/2023Murlark Ave942$499,000540 Sq.Ft.4/5/2024Murray St3032$480,8671,628 Sq.Ft.5/2/2025Muscovy Ln354$826,0005,258 Sq.Ft.6/27/2003Musgrave Ln2N/A2N/A31,115 Sq.Ft.4/3/2018Music St532$410,8001,234 Sq.Ft.4/6/2022Musket Ct1132$406,3641,492 Sq.Ft.8/5/2020Mustang Ct932$818,3333,705 Sq.Ft.2/3/2022Myers St2521$535,0912,581 Sq.Ft.5/27/2025Myrla Ct1732$536,2352,386 Sq.Ft.10/16/2024Myrtle Ave5221$358,0001,469 Sq.Ft.5/19/2025Mystical Ln332$947,3334,157 Sq.Ft.1/27/2021Nadine Dr1532$461,8001,889 Sq.Ft.4/17/2023Nalani Ct832$425,8751,479 Sq.Ft.3/18/2024Nandale Dr2432$497,2082,167 Sq.Ft.11/21/2022Nando St1632$388,5001,263 Sq.Ft.9/19/2023Nanitch Cir1022$1,105,5563,616 Sq.Ft.10/15/2018Naomi Danielle St132$635,0001,942 Sq.Ft.3/28/2024Narcissus Ct932$448,8892,050 Sq.Ft.4/4/2023Natalie Ave1232$515,1821,960 Sq.Ft.7/29/2021Natasha Ave243$699,0002,768 Sq.Ft.12/1/2021Nathan St1433$735,6433,166 Sq.Ft.7/20/2022National Ct1222$670,5003,215 Sq.Ft.5/24/2021Natures View Ct1732$462,4121,612 Sq.Ft.3/29/2022Nautilus Ave3542$570,0002,492 Sq.Ft.4/8/2025Navaho Ct2922$413,3332,548 Sq.Ft.2/16/2021Navigation Ave4242$466,2381,778 Sq.Ft.1/21/2025Neahkahnie St2232$510,7271,935 Sq.Ft.5/1/2024Nebraska Ave6132$384,8031,568 Sq.Ft.5/9/2025Nebraska Ct1532$411,8671,491 Sq.Ft.5/26/2022Neef Ave3721$363,4861,207 Sq.Ft.5/7/2025Neelon Dr1632$433,6881,601 Sq.Ft.11/18/2021Nehalem St1522$934,8675,358 Sq.Ft.4/24/2025Nelson Pl1732$504,2941,940 Sq.Ft.8/18/2021Neota St2332$419,6961,610 Sq.Ft.7/12/2022Neptune Ct632$396,3331,387 Sq.Ft.11/22/2021Nesting Pl232$805,0003,125 Sq.Ft.3/1/2005Nestor Ln212$525,0002,528 Sq.Ft.N/ANestucca Ct2132$397,8001,271 Sq.Ft.12/3/2024Nevada St733$577,1433,322 Sq.Ft.3/25/2008Newberry St532$724,0005,384 Sq.Ft.7/23/2020New Carissa Ln243$560,5002,520 Sq.Ft.5/22/2025Newcastle Cir1N/AN/AN/A92,946 Sq.Ft.11/14/2008New Haven Dr722$571,1432,410 Sq.Ft.3/27/2017Newport Rd1022$566,2002,131 Sq.Ft.4/16/2021Newtown Ave1932$386,2631,316 Sq.Ft.9/23/2024Nicholas Ct1241$417,5001,750 Sq.Ft.5/12/2017Nichols Heights Way222$695,5002,218 Sq.Ft.5/2/2019Nicks Ct732$436,7141,888 Sq.Ft.12/11/2023Nicole Ct1352$519,2312,204 Sq.Ft.11/29/2022Nightcap St1232$434,2501,383 Sq.Ft.4/18/2025Nighthawk Ct1632$399,1881,489 Sq.Ft.3/20/2023Nightlight Ln133$1,016,0006,724 Sq.Ft.12/2/2016Niles Ave3331$291,0911,134 Sq.Ft.11/17/2023Nimbus Pl343$719,0002,999 Sq.Ft.10/14/2020Nina Ave5032$397,0601,410 Sq.Ft.10/8/2024Nob Hill St6621$433,6731,726 Sq.Ft.4/21/2025Noble Fir Ln722$1,019,1433,144 Sq.Ft.4/25/2025Noble Plum Way632$677,3333,997 Sq.Ft.1/30/2025Noble Way323$1,043,0003,453 Sq.Ft.5/21/2020Nocturne Ct2422$247,0711,677 Sq.Ft.7/12/2016Nohlgren St431$386,5001,552 Sq.Ft.9/5/2017Nola Ave721$374,8571,155 Sq.Ft.3/21/2023Nolan Ln632$374,8001,389 Sq.Ft.7/28/2018Nomad Ct2622$383,1542,369 Sq.Ft.4/1/2025Nona Ave1453$683,5003,483 Sq.Ft.7/31/2023Nordal Ln321$545,6672,913 Sq.Ft.10/28/2021Norma Ave2832$513,2141,991 Sq.Ft.8/1/2024Norma Ct1432$445,0001,575 Sq.Ft.9/27/2024Norman Ave2921$374,6072,027 Sq.Ft.12/5/2024Normandy Ave1531$490,0002,210 Sq.Ft.12/10/2024Norris Ln522$572,6002,370 Sq.Ft.6/18/2024Northgate Ave4131$372,6582,637 Sq.Ft.3/12/2025Northstar Ct1532$420,5331,523 Sq.Ft.10/28/2024Northwood Dr1632$555,9382,580 Sq.Ft.11/4/2022Norway St10431$389,7901,617 Sq.Ft.4/24/2025Norwood St1031$356,8001,272 Sq.Ft.12/20/2021Nougat Ct3922$187,1431,231 Sq.Ft.6/22/2016Novak Ct1232$521,5831,971 Sq.Ft.2/7/2020Novare Ct722$629,4292,276 Sq.Ft.3/25/2025Nutmeg St232$1,708,5004,980 Sq.Ft.N/ANut Tree Dr6422$395,2031,455 Sq.Ft.4/21/2025Oahu Ave1532$337,5331,381 Sq.Ft.12/28/2024Oakcrest Dr11722$377,7951,312 Sq.Ft.6/3/2025Oak Dell Ln621$649,0003,420 Sq.Ft.10/28/2021Oak Dr2432$916,3753,870 Sq.Ft.6/11/2025Oak Grove Rd6632$1,043,3332,839 Sq.Ft.3/28/2025Oak Heights Ct1032$572,9002,335 Sq.Ft.3/24/2025Oakhill Ave2932$502,7782,186 Sq.Ft.10/16/2024Oak Hollow Ln522$466,0001,660 Sq.Ft.11/8/2023Oak Knoll Rd2432$717,5652,685 Sq.Ft.6/5/2024Oakland Loop5332$91,2881,266 Sq.Ft.N/AOakleaf Ct1832$385,6671,338 Sq.Ft.4/27/2023490 Academy St NESalem, OR 97301
Estimated Value $320,000
Living Area 1,260 SqFt
Beds 3
Baths 1.5
Year Built 1950
Property Type Single Family
Ownership Type Multiple
APN 578199
Neighborhood Highland
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
905 Edina Ln NESalem, OR 97301
Estimated Value $348,000
Living Area 1,170 SqFt
Beds 1
Baths 1
Year Built 1940
Property Type Single Family
Ownership Type Individual
APN 527167
Neighborhood Northeast Salem
School District Salem-Keizer School District 24J
1230 Market St NESalem, OR 97301
Estimated Value $363,000
Living Area 1,254 SqFt
Beds 1
Baths 1
Year Built 1932
Property Type Single Family
Ownership Type Related
APN 526894
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
1367 Chemeketa St NESalem, OR 97301
Estimated Value $632,000
Living Area 2,745 SqFt
Beds 1
Baths 2
Year Built 1900
Property Type Single Family
Ownership Type Individual
APN 587819
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
1120 Columbia St NESalem, OR 97301
Estimated Value $418,000
Living Area 1,966 SqFt
Beds 1
Baths 1.5
Year Built 1940
Property Type Single Family
Ownership Type Individual
APN 570137
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
295 Church St SE #509Salem, OR 97301
Estimated Value $527,000
Living Area 1,396 SqFt
Beds 2
Baths 2
Year Built 2008
Property Type Condominium
Ownership Type Related
APN 345524
Neighborhood Central Area
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
440 22nd St NESalem, OR 97301
Estimated Value $315,000
Living Area 936 SqFt
Beds 2
Baths 2
Year Built 1948
Property Type Single Family
Ownership Type Related
APN 592452
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
2104 Evergreen Ave NESalem, OR 97301
Estimated Value $344,000
Living Area 1,295 SqFt
Beds 3
Baths 1
Year Built 1938
Property Type Single Family
Ownership Type Individual
APN 572480
Neighborhood Lansing
School District Salem-Keizer School District 24J
265 23rd St NESalem, OR 97301
Estimated Value $359,000
Living Area 1,138 SqFt
Beds 2
Baths 2
Year Built 1934
Property Type Single Family
Ownership Type Related
APN 596258
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
1525 19th St NESalem, OR 97301
Estimated Value $385,000
Living Area 1,419 SqFt
Beds 3
Baths 1
Year Built 1929
Property Type Single Family
Ownership Type Individual
APN 579970
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
1345 D St NESalem, OR 97301
Estimated Value $331,000
Living Area 1,124 SqFt
Beds 2
Baths 1
Year Built 1940
Property Type Single Family
Ownership Type Individual
APN 575580
Neighborhood Northeast Neighbors
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