House Prices

House Prices & Home Values Salem, OR 2026


Average Data

average house price$349,434
average size per house1636 ft²
average price per ft²214 $ / ft²

01/24/2026 - The value range (VR) for house prices in Salem, OR is $182/ sqft to $279/ sqft. An average home with 1636 sqft costs approximately $297,752 to $456,444. Salem, OR includes 6 ZIP codes and it is located in Marion county. The lowest prices are found in ZIP 97317, while the highest are in ZIP 97306. The average price per sqare feet is $214. Our analysis is based on 101 property listings.

Avergage prices by ZIP codes Salem

97301203 $ / ft²
97302230 $ / ft²
97303214 $ / ft²
97305221 $ / ft²
97306276 $ / ft²
97317175 $ / ft²




Historical development of home values in Salem

Year Estimated value (USD) Change vs. 2025
2010 $162,283 -53.6%
2011 $156,008 -55.4%
2012 $155,588 -55.5%
2013 $161,403 -53.8%
2014 $169,429 -51.5%
2015 $178,125 -49.0%
2016 $187,421 -46.4%
2017 $197,536 -43.5%
2018 $208,457 -40.3%
2019 $218,123 -37.6%
2020 $229,399 -34.4%
2021 $260,917 -25.3%
2022 $304,170 -13.0%
2023 $320,762 -8.2%
2024 $339,318 -2.9%
2025 $349,434 0.0%

Graph: estimated home values in Salem over time (USD)



Example: 100% financing house in Salem

Loan amount: $349,434

Interest rate: 6.00%

Fixed monthly payment: $2,095.03

Breakdown in the 1st month:
Interest portion: $1,747.17  –  Principal portion: $347.86

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $20,849.31 $4,291.09 $345,142.91
2 $20,584.65 $4,555.76 $340,587.15
3 $20,303.66 $4,836.74 $335,750.41
4 $20,005.34 $5,135.06 $330,615.35
5 $19,688.62 $5,451.78 $325,163.56
6 $19,352.36 $5,788.04 $319,375.52
7 $18,995.37 $6,145.03 $313,230.49
8 $18,616.36 $6,524.04 $306,706.45
9 $18,213.97 $6,926.43 $299,780.02
10 $17,786.76 $7,353.64 $292,426.38
11 $17,333.20 $7,807.20 $284,619.18
12 $16,851.67 $8,288.73 $276,330.45
13 $16,340.44 $8,799.96 $267,530.50
14 $15,797.68 $9,342.72 $258,187.78
15 $15,221.44 $9,918.96 $248,268.82
16 $14,609.66 $10,530.74 $237,738.08
17 $13,960.15 $11,180.25 $226,557.83
18 $13,270.58 $11,869.82 $214,688.01
19 $12,538.47 $12,601.93 $202,086.08
20 $11,761.21 $13,379.19 $188,706.89
21 $10,936.01 $14,204.39 $174,502.50
22 $10,059.92 $15,080.48 $159,422.02
23 $9,129.79 $16,010.61 $143,411.41
24 $8,142.29 $16,998.11 $126,413.30
25 $7,093.88 $18,046.52 $108,366.78
26 $5,980.81 $19,159.59 $89,207.19
27 $4,799.09 $20,341.31 $68,865.88
28 $3,544.48 $21,595.92 $47,269.96
29 $2,212.49 $22,927.91 $24,342.05
30 $798.35 $24,342.05 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Salem, OR


1500 sqft3900 sqft
Ø selling price$388,411$826,255
Ø fast selling$353,100$743,629
Ø high price sale$423,721$908,880

In 2026, houses in Salem, OR will be offered at an average price of $214 per square foot. A 1,500 sqft home priced at $388,411 is 24.77% more expensive per square foot than a 3,900 sqft home priced at $826,255. Home prices in Salem, OR vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $572,022. Sellers who can wait longer may achieve a higher price of up to $699,138.


Explore Salem, OR

Overview

Located in the heart of the Willamette Valley, Salem, OR is Oregon?s capital city known for historic charm, riverfront beauty, and a thriving arts scene.
From the iconic Oregon State Capitol crowned by the Golden Pioneer to walkable downtown Salem, Salem, Oregon blends heritage with modern amenities.

Attractions and Outdoors

Top things to do in Salem include exploring Riverfront Park, touring the Capitol Mall and museums, and taking family-friendly rides on the Salem Riverfront Carousel.
Nature lovers can day-trip to Silver Falls State Park for the Trail of Ten Falls or stroll historic gardens at Deepwood Museum & Gardens.
Wine enthusiasts will appreciate nearby Willamette Valley wineries and vineyard views, while seasonal festivals celebrate local agriculture and flowers.

Lifestyle and Dining

The dining scene in Salem, Oregon highlights farm-to-table restaurants, craft breweries, and food carts sourced from surrounding farms and orchards.
Neighborhoods offer a mix of historic homes, new developments, and riverfront living, appealing to families, professionals, and students.

Economy and Education

As the state capital, Salem anchors government, healthcare, and education jobs, with employers like Willamette University, Salem Health, and state agencies.
Quality schools, parks, and community events create a welcoming, affordable base for relocating or investing in Salem real estate.

Getting Around and Travel

Centrally located on I-5, Salem, OR offers easy access to Portland, the Oregon Coast, and the Cascades, plus Amtrak service and local transit for convenient travel.



FAQ – Home Values in Salem

What is the median home value in Salem in 2026?

In 2026, the typical home value in Salem is about $349,434 for an average home size of 1636 square feet. This corresponds to an average price of roughly $214 per square foot.

What is the average cost per square foot in Salem?

In 2026, homes in Salem sell for an average of around $214 per square foot, with a typical range between $182 and $279 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Salem is about 1636 square feet, with an estimated 2026 value around $349,434.



Locations close to Salem, OR

Albany, OR186 $ / ft²
Alsea, OR279 $ / ft²
Aumsville, OR189 $ / ft²
Portland, OR377 $ / ft²
Neskowin, OR355 $ / ft²
Yamhill, OR274 $ / ft²
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