Salem, OR—97304
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$491,000
0.1% YoY Growth
Household Income
$91,700
38.1% YoY Growth
Days on Market
86
10.0% Longer YoY
Home Price Forecast
0.7%
Median Rent
$1,360
7.2% YoY Growth
1-Bed Rent
$1,180
0.8% YoY Growth
2-Bed Rent
$1,300
0.7% YoY Growth
3-Bed Rent
$2,500
2.1% YoY Growth
Home Price Trends — Salem, OR
As of Dec '25, the median home price in Salem, OR is $491,000, with a year-over-year change of -0.1%. This indicates that home prices in Salem, OR are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $491,000 | -0.1% |
| Single Family | $492,000 | 0.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |