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:
7.28%
as of Oct 1
Source: Freddie Mac PMMS
❄️
COOL MARKET
Salem, OR Metro Area
More inventory, negotiating room for buyers
72 days
Average time to sell
Slow
10.5%
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 September 19, 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 |
|---|---|---|---|---|---|---|
| 97358 | Lyons | OR | $486,645 | $1,251 | 2.01% | |
| 97305 | Hayesville | OR | $417,737 | $1,763 | 3.29% | |
| 97381 | Silverton | OR | $557,289 | $1,775 | 2.48% | |
| 97020 | Donald | OR | $465,007 | $1,584 | 2.66% | |
| 97338 | Dallas | OR | $480,350 | $1,700 | 2.76% | |
| 97026 | Gervais | OR | $428,632 | $1,629 | 2.96% | |
| 97342 | Detroit | OR | $464,860 | $1,728 | 2.90% | |
| 97301 | Salem | OR | $374,737 | $1,469 | 3.06% | |
| 97361 | Monmouth | OR | $469,474 | $1,398 | 2.32% | |
| 97306 | Salem | OR | $491,081 | $1,800 | 2.86% | |
| 97383 | Stayton | OR | $469,064 | $1,503 | 2.50% | |
| 97317 | Salem | OR | $451,532 | $1,543 | 2.67% | |
| 97385 | Sublimity | OR | $584,079 | $1,512 | 2.02% | |
| 97032 | Hubbard | OR | $489,023 | $1,620 | 2.58% | |
| 97344 | Falls City | OR | $367,833 | $1,260 | 2.67% | |
| 97302 | Salem | OR | $467,450 | $1,500 | 2.50% | |
| 97362 | Mount Angel | OR | $475,064 | $1,620 | 2.66% | |
| 97303 | Keizer | OR | $455,356 | $1,617 | 2.77% | |
| 97375 | Scotts Mills | OR | $618,864 | $1,620 | 2.04% | |
| 97325 | Aumsville | OR | $485,187 | $1,674 | 2.69% | |
| 97071 | Woodburn | OR | $418,475 | $1,731 | 3.23% | |
| 97351 | Independence | OR | $432,379 | $1,811 | 3.27% | |
| 97352 | Jefferson | OR | $457,614 | $1,305 | 2.22% | |
| 97304 | Salem | OR | $501,478 | $1,788 | 2.78% | |
| 97381 | Silverton | OR | $542,972 | $1,641 | 2.36% | |
| 97002 | Aurora | OR | $705,336 | $1,620 | 1.79% | |
| 97338 | Dallas | OR | $470,086 | $1,878 | 3.12% | |
| 97137 | Saint Paul | OR | $590,585 | $1,521 | 2.01% | |
| 97301 | Salem | OR | $365,444 | $1,406 | 3.00% | |
| 97358 | Lyons | OR | $507,128 | $1,251 | 1.92% | |
| 97305 | Hayesville | OR | $425,865 | $1,716 | 3.14% | |
| 97383 | Stayton | OR | $455,612 | $1,251 | 2.14% | |
| 97020 | Donald | OR | $468,360 | $1,584 | 2.64% | |
| 97342 | Detroit | OR | $435,292 | $1,728 | 3.10% | |
| 97026 | Gervais | OR | $434,982 | $1,629 | 2.92% | |
| 97344 | Falls City | OR | $355,386 | $1,260 | 2.77% | |
| 97302 | Salem | OR | $457,954 | $1,620 | 2.76% | |
| 97361 | Monmouth | OR | $481,069 | $1,509 | 2.45% | |
| 97306 | Salem | OR | $499,051 | $1,768 | 2.76% | |
| 97385 | Sublimity | OR | $572,614 | $1,512 | 2.06% | |
| 97317 | Salem | OR | $461,248 | $1,593 | 2.69% | |
| 97392 | Turner | OR | $570,396 | $1,251 | 1.71% | |
| 97032 | Hubbard | OR | $494,207 | $1,620 | 2.56% | |
| 97351 | Independence | OR | $422,326 | $1,780 | 3.29% | |
| 97303 | Keizer | OR | $445,928 | $1,631 | 2.85% | |
| 97362 | Mount Angel | OR | $486,539 | $1,620 | 2.60% | |
| 97304 | Salem | OR | $494,284 | $1,784 | 2.82% | |
| 97375 | Scotts Mills | OR | $647,884 | $1,620 | 1.95% | |
| 97325 | Aumsville | OR | $495,335 | $1,674 | 2.64% | |
| 97071 | Woodburn | OR | $427,158 | $1,734 | 3.17% |
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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.