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
Ruggles Ave1132$810,4554,436 Sq.Ft.5/26/2021Rulers Ct932$365,7781,181 Sq.Ft.2/27/2025Rumsey Ct543$502,2002,005 Sq.Ft.2/6/2023Rumsey Rd532$447,8002,524 Sq.Ft.11/20/2024Rural Ave13721$457,8812,185 Sq.Ft.2/25/2025Russell St731$325,286994 Sq.Ft.5/19/2017Rustique Rd132$747,0004,340 Sq.Ft.N/ARuth Way2N/AN/A$165,500N/AN/ARuxton Way231$926,0004,234 Sq.Ft.8/19/2005Ryan Dr12N/AN/AN/A29,967 Sq.Ft.6/19/2014Rye Ln542$523,6002,121 Sq.Ft.3/12/2020Sabra Ln1N/AN/AN/A54,129 Sq.Ft.5/19/2011Sacramento Ct1032$419,5001,637 Sq.Ft.5/28/2020Saddle Club St212$433,00029,299 Sq.Ft.10/6/2021Saddle Horn Ct1032$391,3001,353 Sq.Ft.9/10/2024Sage Ave522$688,8002,716 Sq.Ft.8/21/2023Saghalie Dr1232$1,274,5004,318 Sq.Ft.3/12/2025Saginaw St9421$549,3502,398 Sq.Ft.2/3/2025Sahalee Ct4422$756,8412,837 Sq.Ft.6/5/2025Sahalee Dr2922$997,2404,499 Sq.Ft.5/7/2024Saint Andrews Loop2732$949,7782,858 Sq.Ft.6/12/2025Salal St1822$627,1672,325 Sq.Ft.12/4/2024Salem Dallas Hwy10332$633,22612,454 Sq.Ft.3/14/2025Salem Heights Ave10632$472,0522,155 Sq.Ft.5/20/2025Salem Industrial Dr46N/A2$340,66715,385 Sq.Ft.7/12/2024Salem View Dr422$704,2503,236 Sq.Ft.2/19/2025Salinas Ct1631$392,8751,232 Sq.Ft.4/24/2025Salishan St2674$658,6825,392 Sq.Ft.6/5/2024Salmon River St1432$391,4291,267 Sq.Ft.9/6/2023Salmon St532$1,083,0003,968 Sq.Ft.4/12/2016Samanna Ave533$383,6001,377 Sq.Ft.6/12/2025Samantha Ave1832$417,8331,583 Sq.Ft.7/13/2022Samantha Ct1732$386,0591,370 Sq.Ft.12/10/2024Samaritan Ln1532$411,2861,132 Sq.Ft.10/14/2022Samm Ln332$374,0001,215 Sq.Ft.9/13/2024San Antonio Ct832$428,1251,795 Sq.Ft.2/18/2020San Carlos Ct832$417,2501,455 Sq.Ft.1/29/2024San Clemente Ln742$435,4291,718 Sq.Ft.4/29/2019Sandal Ct2422$204,792974 Sq.Ft.1/13/2023Sandalwood Ln1732$418,2351,624 Sq.Ft.9/11/2024San Diego Dr2232$457,6821,661 Sq.Ft.5/6/2024Sand Piper Ave1032$377,1001,250 Sq.Ft.11/30/2021Sand Piper Ct2232$386,2731,256 Sq.Ft.4/29/2025Sandringham Dr1432$384,9291,497 Sq.Ft.7/14/2023Sandstone Ct1032$424,2001,451 Sq.Ft.10/11/2024Sandys Ln632$765,5002,774 Sq.Ft.5/12/2016San Francisco Ct1632$336,5331,502 Sq.Ft.12/9/2021San Francisco Dr9332$342,3481,627 Sq.Ft.3/14/2025San Gabriel Ct932$447,2221,915 Sq.Ft.1/18/2022San Juan Ct432$423,7501,669 Sq.Ft.7/18/2018San Martino Ave922$682,6252,361 Sq.Ft.12/14/2020San Miguel Ct932$423,6671,752 Sq.Ft.2/8/2022San Rafael Ct1032$437,5001,583 Sq.Ft.8/6/2024Sanrodee Dr1721$810,1183,842 Sq.Ft.10/1/2024Santiam Pass Way3N/AN/AN/A105,778 Sq.Ft.2/29/2008Santiam Springs Ct1132$844,3003,697 Sq.Ft.12/3/2024Santiam St932$387,6671,379 Sq.Ft.10/14/2022Sapphire Ct1032$455,6001,796 Sq.Ft.3/26/2024Sarah Jean Ct632$458,6671,495 Sq.Ft.7/12/2017Sarah Ln642$734,6003,451 Sq.Ft.10/4/2018Sarah Renee Ave532$340,8001,523 Sq.Ft.4/7/2025Saratoga Dr2332$797,5263,807 Sq.Ft.5/7/2025Sasha Way212$449,0001,829 Sq.Ft.1/5/2021Sassy Ln332$695,3333,393 Sq.Ft.9/30/2022Satara Ave2432$454,6671,821 Sq.Ft.7/2/2024Satara Ct1132$457,2731,917 Sq.Ft.5/27/2025Satter Dr4932$406,2613,139 Sq.Ft.5/29/2025Satter Pl142N/A98,064 Sq.Ft.N/ASaturn Ct632$407,8331,421 Sq.Ft.5/31/2022Saunders Ln453$577,5002,187 Sq.Ft.6/29/2021Saunter Loop2232$439,6361,552 Sq.Ft.12/5/2024Savage Rd1132$450,85710,886 Sq.Ft.7/10/2021Sawgrass St3832$598,7372,365 Sq.Ft.4/17/2024Saw Ln611$603,1672,221 Sq.Ft.12/16/2024Sawmill Rd1522$540,8572,146 Sq.Ft.5/16/2019Saxon Dr2232$450,5911,658 Sq.Ft.2/20/2024Scenic Heights Dr1232$934,1673,859 Sq.Ft.10/4/2016Scenic View Dr1921$429,7371,708 Sq.Ft.10/18/2024Scepter Ct1732$474,4121,945 Sq.Ft.10/22/2024Scepter Way2731$375,6301,222 Sq.Ft.10/22/2024Schaefer Ct1432$415,7141,534 Sq.Ft.5/23/2023Schafer Rd2032$398,5501,569 Sq.Ft.5/28/2025Schaffer Ave132$411,0001,568 Sq.Ft.N/ASchick Pl191$949,0003,672 Sq.Ft.9/14/2015Schoolhouse Ct1732$483,6471,642 Sq.Ft.7/12/2024Schurman Dr622$463,00017,806 Sq.Ft.5/24/2024Scism Way432$851,2504,491 Sq.Ft.4/24/2020Scooter Ln332$373,6671,054 Sq.Ft.7/2/2024Scotch Ave3932$517,9741,948 Sq.Ft.11/20/2024Scotsman Ln432$434,5001,441 Sq.Ft.2/8/2023Scott Ave2921$340,4481,500 Sq.Ft.5/15/2025Scottish Highland Ln332$615,0003,723 Sq.Ft.8/18/2020Scotto Way164$594,0003,420 Sq.Ft.6/16/2004Sea Eagle Ct1042$573,9002,031 Sq.Ft.12/16/2021Seaton Ln1N/AN/AN/A73,531 Sq.Ft.12/29/2011Seattle Slew Dr2432$372,5453,834 Sq.Ft.3/9/2023Sedona Ave1721$325,5291,051 Sq.Ft.5/7/2025Seeger Ct643$500,0001,894 Sq.Ft.12/5/2024Seeger Ln5132$479,0391,728 Sq.Ft.5/28/2025Selby Ct1832$415,4441,649 Sq.Ft.11/7/20231339 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
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
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
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
2187 Bruce St NESalem, OR 97301
Estimated Value $323,000
Living Area 1,140 SqFt
Beds 2
Baths 1
Year Built 1946
Property Type Single Family
Ownership Type Related
APN 526288
Neighborhood Lansing
School District Salem-Keizer School District 24J
748 15th St NESalem, OR 97301
Estimated Value $370,000
Living Area 1,062 SqFt
Beds 2
Baths 1
Year Built 1926
Property Type Single Family
Ownership Type Related
APN 572130
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
3289 Windsor Ave NESalem, OR 97301
Estimated Value $445,000
Living Area 2,331 SqFt
Beds 2
Baths 2
Year Built 1970
Property Type Single Family
Ownership Type Individual
APN 588486
Neighborhood Northeast Salem
School District Salem-Keizer School District 24J
586 Market St NESalem, OR 97301
Estimated Value $253,000
Living Area 672 SqFt
Beds 2
Baths 1
Year Built 1925
Property Type Single Family
Ownership Type Related
APN 584300
Neighborhood Grant
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
1660 Cottage St NESalem, OR 97301
Estimated Value $384,000
Living Area 856 SqFt
Beds 2
Baths 1
Year Built 1920
Property Type Single Family
Ownership Type Individual
APN 566919
Neighborhood Grant
School District Salem-Keizer School District 24J
2695 Brooks Ave NESalem, OR 97301
Estimated Value $281,000
Living Area 1,164 SqFt
Beds 1
Baths 1
Year Built 1947
Property Type Single Family
Ownership Type Trust
APN 582095
Neighborhood Highland
School District Salem-Keizer School District 24J
1734 Nebraska Ave NESalem, OR 97301
Estimated Value $260,000
Living Area 576 SqFt
Beds 2
Baths 1
Year Built 1936
Property Type Single Family
Ownership Type Trust
APN 572295
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
1565 Baker St NESalem, OR 97301
Estimated Value $288,000
Living Area 780 SqFt
Beds 2
Baths 1
Year Built 1953
Property Type Single Family
Ownership Type Individual
APN 588177
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
2087 Warner St NESalem, OR 97301
Estimated Value $321,000
Living Area 1,560 SqFt
Beds 2
Baths 2
Year Built 1948
Property Type Single Family
Ownership Type Related
APN 586649
Neighborhood Highland
School District Salem-Keizer School District 24J
1525 Norway St NESalem, OR 97301
Estimated Value $362,000
Living Area 1,745 SqFt
Beds 3
Baths 1
Year Built 1941
Property Type Single Family
Ownership Type Related
APN 588362
Neighborhood Northeast Neighbors
School District Salem-Keizer School District 24J
860 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