Salem, OR
Salem, OR real estate market: appreciation, rent growth, cap rate, IRR, and property taxes.
Appreciation
: 4.4%/yr.
Rent growth
: 4.0%/yr.
Median cap rate
: 3.3%.
Median IRR
: 6.1%.
Median rental home value
: $410,200.
Median rental rate
: $1,399/mo.
Median property tax
: $3,519/yr.
Sources: FHFA House Price Index®, U.S. Census Bureau ACS 5-year estimates, and Rescover analysis of public single-family listings, updated September 2026.
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ZIP codes in Salem, OR
Rental market data for every ZIP code in this metro area.