Most Affordable ZIP Codes in Salem, OR (2026)
The lowest entry prices that still hold a decent investability rating — cheap is only useful if the market underneath it is sound.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 97344 | Falls City, OR | $364,368 | $1,260 | 2.70% | 4.2% |
| 2 | 97301 | Salem, OR | $375,844 | $1,449 | 3.01% | 3.3% |
| 3 | 97305 | Hayesville, OR | $425,481 | $1,598 | 2.93% | 3.0% |
| 4 | 97071 | Woodburn, OR | $428,518 | $1,733 | 3.16% | 2.6% |
| 5 | 97351 | Independence, OR | $432,642 | $1,945 | 3.51% | 3.9% |
| 6 | 97026 | Gervais, OR | $439,185 | $1,629 | 2.89% | 3.3% |
| 7 | 97303 | Keizer, OR | $454,230 | $1,565 | 2.69% | 2.6% |
| 8 | 97352 | Jefferson, OR | $457,488 | $1,305 | 2.22% | 3.0% |
| 9 | 97317 | Salem, OR | $462,374 | $1,677 | 2.83% | 3.0% |
| 10 | 97020 | Donald, OR | $464,249 | $1,584 | 2.66% | 2.9% |
| 11 | 97302 | Salem, OR | $467,145 | $1,457 | 2.43% | 2.9% |
| 12 | 97342 | Detroit, OR | $467,170 | $1,728 | 2.89% | 3.4% |
| 13 | 97383 | Stayton, OR | $469,064 | $1,503 | 2.50% | 3.5% |
| 14 | 97361 | Monmouth, OR | $479,901 | $1,479 | 2.40% | 3.7% |
| 15 | 97338 | Dallas, OR | $480,647 | $1,569 | 2.55% | 3.5% |
| 16 | 97362 | Mount Angel, OR | $488,257 | $1,620 | 2.59% | 2.7% |
| 17 | 97032 | Hubbard, OR | $491,730 | $1,620 | 2.57% | 2.7% |
| 18 | 97325 | Aumsville, OR | $496,755 | $1,674 | 2.63% | 3.4% |
| 19 | 97306 | Salem, OR | $498,133 | $1,786 | 2.80% | 2.7% |
| 20 | 97304 | Salem, OR | $504,038 | $1,870 | 2.89% | 3.3% |
| 21 | 97358 | Lyons, OR | $504,376 | $1,251 | 1.93% | 4.1% |
| 22 | 97381 | Silverton, OR | $557,289 | $1,775 | 2.48% | 3.7% |
| 23 | 97385 | Sublimity, OR | $584,079 | $1,512 | 2.02% | 3.7% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Cash Flow in Salem, OR · Appreciation in Salem, OR
Or see the full Salem, OR metro profile.