Welcome to our 97306 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 97306 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.
-
Location Overview
- Zip Code: 97306
- City: Salem
- State: OR
- Metro Area: Salem, OR
- County Name: MARION COUNTY
-
Real Estate Market Snapshot
- Average Home Price (All Types): $467,440
- Average Home Price (Single Family Homes): $473,298
- Average Monthly Rental Price (All Types): $1,751
- Price-to-Rent Ratio: 22
- Zillow Projected % appreciation from 4/2023-4/2024: 1.1%
-
Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,260
- Average 3 Bedroom Section 8 Rental Rates: $1,790
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 30.92
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 21.76
- 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%
-
Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 359.68
- Total % Appreciation since 2000 (Government Data): 171.77
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.18%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 2.11%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 29.12%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 43.6%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 120.68%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 61.5%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 133.9%
-
Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -2.1%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 9.86%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%