Salem, OR 97304 - Real Estate Investment Insights & Performance Data

Welcome to our 97304 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 97304 in Salem, OR. Discover Section 8 housing opportunities and challenges to maximize your investment potential in POLK 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.

• Location Overview

  • Zip Code: 97304
  • City: Salem
  • State: OR
  • Metro Area: Salem, OR
  • County Name: POLK COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $483,152
  • Average Home Price (Single Family Homes): $484,156
  • Average Monthly Rental Price (All Types): $1,901
  • Price-to-Rent Ratio: 21
  • Zillow Projected % appreciation from 4/2023-4/2024: 0.8%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,570
  • Average 3 Bedroom Section 8 Rental Rates: $2,210
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 25.65
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 18.22
  • Number of Units Offered in Section 8 in the County: 463
  • Number of Occupied Units in Section 8 in the County: 447
  • Percentage of Section 8 Units Occupied in the County: 96.5%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 374.96
  • Total % Appreciation since 2000 (Government Data): 169.43
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.2%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 1.68%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 28.96%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 43.08%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 113.07%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 64.19%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 140.84%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 0.14%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 3.86%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%