Oregon Department of Transportation · CC BY 2.0

Salem, OR Metro

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

: 3.4%.

Median IRR

: 6.2%.

Median rental home value

: $406,450.

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 October 2026.

Browse analyzed properties in Salem, OR →

Top listings right now

2319 Emerald Dr NW, Salem, OR 97304 $450,000· 4 bd· 2.5 ba
881 Huron Ct SE, Salem, OR 97302 $395,000· 4 bd· 3 ba
789 Hall St, Woodburn, OR 97071 $389,900· 4 bd· 1 ba
123 Sorbin Ave E, Gates, OR 97346 $410,000· 3 bd· 2.5 ba
3156 Commanche Ct NW, Salem, OR 97304 $460,000· 4 bd· 3 ba
3158 19th Pl NW, Salem, OR 97304 $440,000· 4 bd· 2 ba
489 D St, Independence, OR 97351 $399,900· 4 bd· 1 ba
196 Gwinn St E, Monmouth, OR 97361 $379,850· 3 bd· 2.5 ba
1165 Harris St SE, Salem, OR 97302 $369,900· 3 bd· 1.5 ba
1765 Montrose Ave NW, Salem, OR 97304 $465,000· 4 bd· 3 ba
4545 Hazelgreen Rd NE, Salem, OR 97305 $395,000· 3 bd· 2 ba
1169 29th Pl NW, Salem, OR 97304 $475,000· 4 bd· 2.5 ba
4261 Vernon Loop NE, Salem, OR 97305 $379,000· 3 bd· 1.5 ba
1291 SW Hayter St, Dallas, OR 97338 $400,000· 3 bd· 2 ba
844 Corby St, Woodburn, OR 97071 $485,000· 4 bd· 1.5 ba
1695 Church St NE, Salem, OR 97301 $390,000· 4 bd· 2 ba
2925 Doaks Ferry Rd NW, Salem, OR 97304 $479,900· 4 bd· 2.5 ba
4366 Glencoe St NE, Salem, OR 97301 $429,000· 4 bd· 2.5 ba
9324 Glory Ct NE, Salem, OR 97305 $469,000· 3 bd· 2 ba
585 Madrona Ave S, Salem, OR 97302 $425,000· 4 bd· 1.5 ba

ZIP codes in Salem, OR

Rental market data for every ZIP code in this metro area.