Salem, OR Housing Market
Market data powered by Zillow Research. Last updated: 2026-04-02
Salem, OR offers balanced conditions for buyers.
- •Prices are essentially flat (0.3% YoY) — good negotiating leverage for buyers.
- •Price-to-rent ratio: 34.9 — renting may be more affordable in the near term.
Median Home Value
$446,622
ZHVI
Year-over-Year
+0.3%
Price change
5-Year Change
+23.5%
Since 2021
Median Rent
$1,067/mo
ZORI
Active Listings
227
For sale
State Avg
$492,347
Oregon
Home Value Trends
5-year Zillow Home Value Index for Salem, OR vs. state and national averages.
Rent Data
Median Rent
$1,067/mo
Rent YoY Change
0%
Other Markets in Oregon
Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.