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
Ptarmigan St10042$577,8902,373 Sq.Ft.5/9/2025Pudding Creek Dr3832$885,8113,258 Sq.Ft.5/30/2025Pudding Creek Ln432$996,7504,810 Sq.Ft.11/8/2023Pueblo Ave2722$255,2866,435 Sq.Ft.4/18/2025Pullman Ave5032$404,2241,524 Sq.Ft.5/21/2025Pullman Ct1032$415,0001,460 Sq.Ft.6/22/2021Pummel Ct1043$624,6002,758 Sq.Ft.12/17/2024Purisima Ct1032$450,3001,700 Sq.Ft.8/27/2024Quail Hollow St722$971,5713,716 Sq.Ft.7/5/2022Quail Run Ln1432$512,6432,142 Sq.Ft.3/24/2025Quail St232$597,0003,503 Sq.Ft.10/16/2017Quartz St1432$686,6432,861 Sq.Ft.2/10/2025Queen Ct532$367,8001,148 Sq.Ft.7/29/2019Quiet Way212$1,544,0004,518 Sq.Ft.4/8/2022Quinaby Acres Ln321$570,6672,249 Sq.Ft.6/24/2005Quinaby Meadows Ln244$1,104,0004,604 Sq.Ft.7/10/2006Quinaby Rd5332$723,6892,797 Sq.Ft.6/3/2025Quinalt St1042$758,5004,502 Sq.Ft.1/22/2025Quince St1632$602,4005,070 Sq.Ft.9/22/2020Quin Way Ave232$378,5001,275 Sq.Ft.9/19/2012Raccoon Ave1632$486,8752,001 Sq.Ft.3/12/2025Raccoon Ct722$455,7141,654 Sq.Ft.9/8/2023Rachel Ln232$367,5001,153 Sq.Ft.11/14/2013Radell Dr1532$821,3333,751 Sq.Ft.10/31/2023Radiance Ave2722$648,7412,420 Sq.Ft.2/24/2025Radio Ct632$502,5001,924 Sq.Ft.6/14/2023Raffon Ct1923$467,1582,031 Sq.Ft.10/23/2024Raffon Dr1222$348,2501,326 Sq.Ft.1/7/2025Ragweed Ct1031$352,7781,104 Sq.Ft.10/1/2021Railroad Ave211$783,0002,020 Sq.Ft.N/ARainbow Dr2832$621,8463,382 Sq.Ft.5/24/2024Rainbow Hills Ln432$1,436,5003,893 Sq.Ft.3/24/2017Rainbow Valley Ln422$978,0004,051 Sq.Ft.3/13/2019Rainier Dr1722$563,8822,168 Sq.Ft.9/30/2022Rainmaker Ct743$630,5712,750 Sq.Ft.3/31/2025Rainsong Dr1042$654,8002,343 Sq.Ft.5/14/2025Raintree Ct932$427,1111,647 Sq.Ft.10/15/2020Rambeau Ln432$1,257,5004,349 Sq.Ft.12/6/2023Rambler Dr1733$655,6926,928 Sq.Ft.5/28/2019Ramp St3832$403,0002,353 Sq.Ft.2/28/2025Ramsgate Sq4N/AN/AN/A5,705 Sq.Ft.4/5/2016Ranay Dr1532$784,8002,930 Sq.Ft.5/11/2017Rancho Way232$525,5002,279 Sq.Ft.3/31/2023Randel Ct673$573,8333,144 Sq.Ft.6/28/2023Randi Ln1232$407,0001,521 Sq.Ft.2/5/2020Ranger Ave4232$477,3331,865 Sq.Ft.7/15/2024Range View Ln433$910,5003,880 Sq.Ft.7/31/2019Ranier Loop5333$676,6602,635 Sq.Ft.5/14/2025Rankin Ct1132$589,5452,181 Sq.Ft.9/14/2023Raspberry Ln432$435,7501,475 Sq.Ft.9/26/2017Ratcliff Dr5621$434,0004,303 Sq.Ft.2/20/2025Ravena Dr1232$700,2003,969 Sq.Ft.1/19/2023Raven Ave422$622,2502,246 Sq.Ft.3/7/2024Ravenwood Ct732$398,8571,453 Sq.Ft.8/14/2024Ravine Ave932$399,2221,434 Sq.Ft.4/6/2023Ravine Ct1032$366,2001,271 Sq.Ft.1/28/2025Rawhide Ct1832$378,5561,388 Sq.Ft.7/2/2024Rawlins Ave2732$382,5561,595 Sq.Ft.2/27/2024Raynor St1121$396,7271,473 Sq.Ft.4/18/2023Rayona St322$628,5002,475 Sq.Ft.5/5/2025Raywanda Ct832$383,7501,204 Sq.Ft.12/13/2024Reading Ct632$479,5001,511 Sq.Ft.3/1/2022Reagan Ave933$603,4442,646 Sq.Ft.4/11/2025Rebecca Ct832$455,1251,750 Sq.Ft.3/11/2022Rebecca St3432$524,4121,866 Sq.Ft.4/25/2024Red Cedar Ln632$428,5001,374 Sq.Ft.9/17/2020Red Cherry Ct1432$381,5001,370 Sq.Ft.2/5/2025Red Cloud Ct1032$390,0001,292 Sq.Ft.9/10/2020Redfir Ct1443$889,2863,308 Sq.Ft.5/31/2024Red Fox Ln232$448,0001,453 Sq.Ft.10/12/2023Redhill Dr1332$441,3081,793 Sq.Ft.12/17/2021Red Hook Ln142$953,0003,486 Sq.Ft.9/17/2020Redinger Ct2232$468,4551,671 Sq.Ft.2/15/2024Red Leaf Dr4432$396,4883,873 Sq.Ft.7/3/2024Red Oak Dr2532$484,9135,915 Sq.Ft.5/31/2024Red Rock Ln431$1,075,0004,291 Sq.Ft.10/15/2021Red Shale Ave1132$726,9092,883 Sq.Ft.5/23/2025Redstone Ave1722$788,4713,331 Sq.Ft.6/7/2018Redwing Ct2532$464,2401,636 Sq.Ft.9/7/2023Redwood St2932$429,7591,560 Sq.Ft.1/30/2025Reed Ct832$544,2501,991 Sq.Ft.8/21/2023Ree Del Ct832$370,5001,362 Sq.Ft.4/20/2022Reed Ln1532$564,72712,259 Sq.Ft.3/30/2022Reed Rd1N/AN/AN/A53,890 Sq.Ft.6/28/2006Reedy Dr921$376,5561,771 Sq.Ft.10/2/2018Rees Hill Rd10332$571,5662,625 Sq.Ft.8/8/2024Reflection Way322$1,345,3334,252 Sq.Ft.4/16/2021Regal Dr6032$374,8981,254 Sq.Ft.3/26/2025Regan Ct1843$513,0632,162 Sq.Ft.12/19/2023Regina Ct432$443,0001,907 Sq.Ft.2/25/2020Reimann St3232$382,1561,368 Sq.Ft.11/21/2024Reindeer Ave1133$519,6361,915 Sq.Ft.5/15/2025Remington Pl453$624,5003,332 Sq.Ft.6/27/2022Renee Ave1142$583,8182,441 Sq.Ft.2/24/2025Renee Ct743$539,4292,000 Sq.Ft.8/12/2021Revere Ct932$548,0002,046 Sq.Ft.1/3/2025Rex St421$335,0001,027 Sq.Ft.1/27/2023Rhinestone Ct2422$469,0001,716 Sq.Ft.6/13/2024Rhine View Pl822$854,1253,217 Sq.Ft.4/16/2020Rhododendron St343$846,3335,296 Sq.Ft.12/17/2020860 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
556 Statesman St NESalem, OR 97301
Estimated Value $237,000
Living Area 628 SqFt
Beds 2
Baths 1
Year Built 1950
Property Type Single Family
Ownership Type Individual
APN 577371
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
1689 B St NESalem, OR 97301
Estimated Value $407,000
Living Area 1,982 SqFt
Beds 2
Baths 1.5
Year Built 1910
Property Type Single Family
Ownership Type Multiple
APN 572208
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
160 14th St NESalem, OR 97301
Estimated Value $382,000
Living Area 1,653 SqFt
Beds 2
Baths 1
Year Built 1925
Property Type Single Family
Ownership Type Individual
APN 571969
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
885 Cottage St NE #ASalem, OR 97301
Estimated Value $496,000
Living Area 2,110 SqFt
Beds 2
Baths 1
Year Built 1928
Property Type Single Family
Ownership Type Related
APN 566863
Neighborhood Central Area
School District Salem-Keizer School District 24J
1095 Cottage St NESalem, OR 97301
Estimated Value $226,000
Living Area 1,239 SqFt
Beds 2
Baths 1
Year Built 1926
Property Type Single Family
Ownership Type Related
APN 566780
Neighborhood Grant
School District Salem-Keizer School District 24J
1098 E St NESalem, OR 97301
Estimated Value $480,000
Living Area 1,910 SqFt
Beds 1
Baths 1
Year Built 1925
Property Type Single Family
Ownership Type Multiple
APN 585610
Neighborhood Grant
School District Salem-Keizer School District 24J
1245 Nebraska Ave NESalem, OR 97301
Estimated Value $454,000
Living Area 1,702 SqFt
Beds 3
Baths 1.5
Year Built 1922
Property Type Single Family
Ownership Type Individual
APN 574414
Neighborhood Northeast Neighbors
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
2184 Laurine Ct NESalem, OR 97301
Estimated Value $453,000
Living Area 1,700 SqFt
Beds 3
Baths 1.5
Year Built 2004
Property Type Single Family
Ownership Type Related
APN 332226
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
290 22nd St SESalem, OR 97301
Estimated Value $343,000
Living Area 1,080 SqFt
Beds 2
Baths 1
Year Built 1975
Property Type Single Family
Ownership Type Related
APN 568187
Neighborhood Southeast Salem
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
1339 Baker St NESalem, OR 97301
Estimated Value $365,000
Living Area 1,056 SqFt
Beds 3
Baths 1
Year Built 1998
Property Type Single Family
Ownership Type Related
APN 588192
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