Zip 97306 (Salem, OR) Housing

The housing market in 97306 Salem, OR is doing well, with a median value of $448,000. This is significantly higher than the US median house value of $338,100. Additionally, in the past year alone the appreciation rate for houses in 97306 Salem has been 9.26%, which is higher than the national average of 8.27%. This shows that investing in housing here can be an excellent choice and can provide high returns over time.

The median home cost in Salem (zip 97306) is $448,000. Home appreciation the last 10 years has been 144.5%. Home Appreciation in Salem (zip 97306) is up 14.2%.

Average Age of Homes

- The median age of Salem (zip 97306) real estate is 28 years old

The Rental Market in Salem (zip 97306)

- Renters make up 35.3% of the Salem (zip 97306) population
- 2.7% of houses and apartments in Salem (zip 97306), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Salem, Oregon	United States
	13,567.0	139,647,020.0
	29	42
	$448,000	$338,100
	14.2%	16.6%
	69.9%	57.0%
	144.5%	101.1%
	$11.83	$10.98
	$3,924	$2,690
	62.3%	57.4%
	3.9%	11.2%
	33.7%	31.4%
Vacant Housing
	2.7%	1.9%
	0.3%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	0.3%	4.1%
Value of Owner-Occupied Housing
	1.1%	2.6%
	2.0%	2.4%
	0.5%	2.8%
	0.5%	3.9%
	0.8%	4.5%
	2.2%	11.3%
	6.3%	13.0%
	26.0%	20.1%
	33.2%	13.6%
	12.8%	8.3%
	11.4%	9.7%
	2.6%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	16.4%	13.6%
	16.4%	13.6%
	24.5%	13.6%
	14.9%	13.2%
	23.2%	14.8%
	24.5%	13.6%
	2.6%	10.0%
	1.1%	4.7%
	1.6%	12.2%

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