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Salem, OR Real Estate

Salem anchors one of Oregon's largest metro areas with a population of about 176,666. The median home value is near $382,400, and median rent runs around $1,323/mo.

Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.

Median Home Value
$382,400
Median Rent
$1,323/mo
Population
176,666
Median Income
$71,900
Median Age
35.7
Homeownership
55.7%

Monthly payment on a median Salem home

Example for a $382,400 home: 20% down, 30-yr at ~6.75%, OR property tax ~0.86%, 0.4% insurance.

Est. monthly (PITI)
$2,386
Principal & interest
$1,984
Property tax / mo
$274
Down payment (20%)
$76,480

Salem at a glance

  • 19.3% of residents 25+ hold a bachelor's degree or higher.
  • 55.7% of occupied homes are owner-occupied.
  • Median household income is $71,900.
  • Always verify the assigned school district, flood zone, and HOA for a specific address before signing.

Other Oregon cities

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