Salem, OR
Full City Profile · Oregon · Polk County County
3.0
/5.0
B
Good
176,666
Population
3,610/sq mi density
$71,900
Median Income
$36,477 per capita
$382,400
Home Value
$435,095 Zillow
$1,323
Median Rent
32.9% income on rent
54°F
Avg Temperature
541
Violent Crime/100K
2,879 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$71,900 median income, 5.3% unemployment
B+
Affordability
3.7 / 5.0
$382,400 home value, $1,323/mo rent
F
Safety
1.0 / 5.0
541 violent crimes/100K (42% above avg)
B+
Education
3.5 / 5.0
31.4% bachelor's degree or higher
Housing Overview
Median Home Value
$382,400
36% above
US avg: $281,900
Median Rent
$1,323/mo
14% above
US avg: $1,163/mo
Homeownership Rate
55.7%
15% below US avg (65.4%)
Total Housing Units
69,286
Median year built: 1979
Home Value by Source
Census Median
$382,400
Zillow (ZHVI)
$435,095
Redfin Median Sale
$425,000
Median Sale Price
$425,000
Median List Price
$455,997
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
55.7%
Owner-Occupied
44.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,051/mo
1 Bedroom
$1,143/mo
2 Bedroom
$1,425/mo
3 Bedroom
$1,963/mo
4 Bedroom
$2,318/mo
Census median rent:
$1,323/mo
· Zillow rent:
$1,600/mo
Market Indicators (Redfin)
Median Sale Price
$425,000
Median Days on Market
75 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
117
Price Drops
23.5%
of listings with price reduction
Price Per Sq Ft
$263
Active Inventory
498
homes for sale
Affordability & Housing Stock
Rent Burden
32.9%
of renters spending 30%+ of income on housing
6% above US avg (31.0%)
Median Year Built
1979
Average age of housing stock: 47 years
Homeownership Rate
55.7%
Complete Housing Data
Home Values
| Census Median Value | $382,400 |
| Zillow Home Value (ZHVI) | $435,095 |
| Redfin Median Sale | $425,000 |
| Median Sale Price | $425,000 |
| Median List Price | $455,997 |
| Price Per Sq Ft | $263 |
Rent
| Census Median Rent | $1,323 |
| Zillow Rent (ZORI) | $1,600 |
| FMR Studio | $1,051 |
| FMR 1-Bedroom | $1,143 |
| FMR 2-Bedroom | $1,425 |
| FMR 3-Bedroom | $1,963 |
| FMR 4-Bedroom | $2,318 |
Market
| Days on Market | 75 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 23.5% |
| Homes Sold | 117 |
| Active Inventory | 498 |
| Price Per Sq Ft | $263 |
Ownership & Stock
| Owner-Occupied | 55.7% |
| Renter-Occupied | 44.3% |
| Homeownership Rate | 55.7% |
| Total Housing Units | 69,286 |
| Median Year Built | 1979 |
| Rent Burden | 32.9% |