Salem, OR Metro Area - Investment Guide
Metro Area • 23 Cities • 27 ZIP Codes
Avg Home Value
$493,887
Avg Monthly Rent
$1,578
Avg Cap Rate
2.54%
Avg Investability
2.9 ★
Cities
23
ZIP Codes
27
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Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
❄️
COOL MARKET
Salem, OR Metro Area
More inventory, negotiating room for buyers
51 days
Average time to sell
Average
10.7%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of August 29, 2026 — updated weekly
Best ZIP codes in Salem, OR
Every ZIP in the metro, ranked four ways. Free.
Cities in Salem, OR
Aumsville
Oregon
1 ZIPs
Aurora
Oregon
1 ZIPs
Dallas
Oregon
1 ZIPs
Detroit
Oregon
1 ZIPs
Donald
Oregon
1 ZIPs
Falls City
Oregon
1 ZIPs
Gervais
Oregon
1 ZIPs
Hayesville
Oregon
1 ZIPs
Hubbard
Oregon
1 ZIPs
Independence
Oregon
1 ZIPs
Jefferson
Oregon
1 ZIPs
Keizer
Oregon
1 ZIPs
Lyons
Oregon
1 ZIPs
Monmouth
Oregon
1 ZIPs
Mount Angel
Oregon
1 ZIPs
Saint Paul
Oregon
1 ZIPs
Salem
Oregon
9 ZIPs
Scotts Mills
Oregon
1 ZIPs
Silverton
Oregon
1 ZIPs
Stayton
Oregon
1 ZIPs
Sublimity
Oregon
1 ZIPs
Turner
Oregon
1 ZIPs
Woodburn
Oregon
1 ZIPs
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 97325 | Aumsville | OR | $495,335 | $1,674 | 2.64% | |
| 97071 | Woodburn | OR | $427,158 | $1,734 | 3.17% | |
| 97352 | Jefferson | OR | $450,646 | $1,305 | 2.26% | |
| 97304 | Salem | OR | $494,284 | $1,784 | 2.82% | |
| 97375 | Scotts Mills | OR | $647,884 | $1,620 | 1.95% | |
| 97305 | Hayesville | OR | $417,737 | $1,763 | 3.29% | |
| 97381 | Silverton | OR | $556,413 | $1,817 | 2.55% | |
| 97338 | Dallas | OR | $477,242 | $1,602 | 2.62% | |
| 97137 | Saint Paul | OR | $592,439 | $1,521 | 2.00% | |
| 97358 | Lyons | OR | $484,890 | $1,251 | 2.01% | |
| 97301 | Salem | OR | $372,505 | $1,504 | 3.15% | |
| 97361 | Monmouth | OR | $467,186 | $1,473 | 2.46% | |
| 97306 | Salem | OR | $491,081 | $1,800 | 2.86% | |
| 97383 | Stayton | OR | $467,236 | $1,513 | 2.53% | |
| 97020 | Donald | OR | $464,249 | $1,584 | 2.66% | |
| 97342 | Detroit | OR | $466,966 | $1,728 | 2.89% | |
| 97026 | Gervais | OR | $439,185 | $1,629 | 2.89% | |
| 97344 | Falls City | OR | $364,766 | $1,260 | 2.69% | |
| 97302 | Salem | OR | $465,023 | $1,486 | 2.49% | |
| 97362 | Mount Angel | OR | $476,327 | $1,620 | 2.65% | |
| 97317 | Salem | OR | $451,532 | $1,543 | 2.67% | |
| 97385 | Sublimity | OR | $581,487 | $1,512 | 2.03% | |
| 97325 | Aumsville | OR | $485,187 | $1,674 | 2.69% | |
| 97392 | Turner | OR | $585,169 | $1,251 | 1.67% | |
| 97032 | Hubbard | OR | $491,730 | $1,620 | 2.57% | |
| 97351 | Independence | OR | $431,649 | $1,816 | 3.28% | |
| 97303 | Keizer | OR | $452,184 | $1,722 | 2.97% | |
| 97375 | Scotts Mills | OR | $632,273 | $1,620 | 2.00% | |
| 97381 | Silverton | OR | $548,727 | $1,641 | 2.33% | |
| 97002 | Aurora | OR | $694,798 | $1,620 | 1.82% | |
| 97338 | Dallas | OR | $470,086 | $1,878 | 3.12% | |
| 97071 | Woodburn | OR | $428,518 | $1,733 | 3.16% | |
| 97352 | Jefferson | OR | $457,131 | $1,305 | 2.23% | |
| 97304 | Salem | OR | $501,590 | $1,684 | 2.62% | |
| 97305 | Hayesville | OR | $424,078 | $1,777 | 3.27% | |
| 97383 | Stayton | OR | $451,866 | $1,251 | 2.16% | |
| 97020 | Donald | OR | $466,110 | $1,584 | 2.65% | |
| 97342 | Detroit | OR | $435,292 | $1,728 | 3.10% | |
| 97358 | Lyons | OR | $503,484 | $1,251 | 1.94% | |
| 97301 | Salem | OR | $375,844 | $1,449 | 3.01% | |
| 97361 | Monmouth | OR | $478,365 | $1,588 | 2.59% | |
| 97306 | Salem | OR | $497,443 | $1,722 | 2.70% | |
| 97385 | Sublimity | OR | $572,342 | $1,512 | 2.06% | |
| 97026 | Gervais | OR | $429,632 | $1,629 | 2.96% | |
| 97344 | Falls City | OR | $355,386 | $1,260 | 2.77% | |
| 97032 | Hubbard | OR | $490,059 | $1,620 | 2.58% | |
| 97351 | Independence | OR | $422,326 | $1,780 | 3.29% | |
| 97302 | Salem | OR | $467,145 | $1,457 | 2.43% | |
| 97362 | Mount Angel | OR | $485,873 | $1,620 | 2.60% | |
| 97317 | Salem | OR | $458,788 | $1,593 | 2.71% |
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About Salem, OR Real Estate Market
The Salem, OR metropolitan statistical area (MSA) encompasses 23 cities and 27 ZIP codes. The average home value across the metro is $493,887, with an average monthly rent of $1,578. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.