Zip 97301 (Salem, OR) Housing

Housing in 97301 Salem, OR is on an upward trend with a median value of $347,500. This is slightly higher than the US House Median Value of $338,100. The 1 year House Appreciation in 97301 Salem, OR is also higher than the US average at 9.26%, compared to 8.27% for the nation as a whole. With housing values growing steadily in this area, now may be a great time for potential home buyers to invest in property here.

The median home cost in Salem (zip 97301) is $347,500. Home appreciation the last 10 years has been 144.5%. Home Appreciation in Salem (zip 97301) is up 14.2%.

Average Age of Homes

- The median age of Salem (zip 97301) real estate is 50 years old

The Rental Market in Salem (zip 97301)

- Renters make up 51.1% of the Salem (zip 97301) population
- 2.9% of houses and apartments in Salem (zip 97301), 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
	20,921.0	139,647,020.0
	54	42
	$347,500	$338,100
	14.2%	16.6%
	69.9%	57.0%
	144.5%	101.1%
	$10.51	$10.98
	$2,443	$2,690
	40.6%	57.4%
	6.2%	11.2%
	53.2%	31.4%
Vacant Housing
	2.9%	1.9%
	0.5%	0.4%
	0.4%	0.7%
	0.2%	0.4%
	0.2%	3.6%
	2.0%	4.1%
Value of Owner-Occupied Housing
	2.0%	2.6%
	3.6%	2.4%
	1.3%	2.8%
	1.2%	3.9%
	1.7%	4.5%
	6.8%	11.3%
	17.8%	13.0%
	45.7%	20.1%
	15.8%	13.6%
	2.2%	8.3%
	1.3%	9.7%
	0.1%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	7.1%	13.6%
	7.1%	13.6%
	8.6%	13.6%
	5.8%	13.2%
	21.7%	14.8%
	8.6%	13.6%
	14.1%	10.0%
	8.0%	4.7%
	20.3%	12.2%

Reviews for Salem

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Keith · Salem, OR

Life in Salem, OR

Over 15 years ago

A good place to live. Weather is very temperate. People are generally polite and friendly. Salem is the capitol of the More