The housing in 97302 Salem, OR is quite expensive compared to the US median value. The median value of homes in 97302 Salem, OR was estimated to be around $404,800 in 2020. This is significantly higher than the US median value which was listed at $338,100. Additionally, the 1-year house appreciation rate in Salem was 9.26%, higher than the national average of 8.27%. These indicators suggest that housing prices in 97302 Salem, OR have generally been on the rise and may continue to appreciate over time.
The median home cost in Salem (zip 97302) is $404,800. Home appreciation the last 10 years has been 144.5%. Home Appreciation in Salem (zip 97302) is up 14.2%.
Average Age of Homes
- The median age of Salem (zip 97302) real estate is 45 years old
The Rental Market in Salem (zip 97302)
- Renters make up 40.1% of the Salem (zip 97302) population
- 3.1% of houses and apartments in Salem (zip 97302), 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.