Welcome to our 97301 real estate data hub, tailored for investors in Salem, OR. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 97301 in Salem, OR. Discover Section 8 housing opportunities and challenges to maximize your investment potential in MARION COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Salem, OR real estate investing. Uncover the wealth of information available, and position yourself for success in the Salem property market.
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Location Overview
- Zip Code: 97301
- City: Salem
- State: OR
- Metro Area: Salem, OR
- County Name: MARION COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $348,932
- Average Home Price (Single Family Homes): $349,961
- Average Monthly Rental Price (All Types): $1,652
- Price-to-Rent Ratio: 18
- Zillow Projected % appreciation from 4/2023-4/2024: 0.8%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,190
- Average 3 Bedroom Section 8 Rental Rates: $1,690
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 24.44
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 17.21
- Number of Units Offered in Section 8 in the County: 877
- Number of Occupied Units in Section 8 in the County: 825
- Percentage of Section 8 Units Occupied in the County: 94.09999847%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 525.98
- Total % Appreciation since 2000 (Government Data): 208.98
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.06%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 0.74%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 29.65%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 54.68%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 159.17%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 78.96%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 159.08%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 1.09%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%