Housing in Salem, OR
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$426,000
Median List Price
$445,000
Price Per Sq Ft
$268
Days on Market
75
Active Inventory
444
Months of Supply
4.4
Balanced market
Zillow Home Value
$427,926
ZHVI — January 2026
Zillow Rent Index
$1,642
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
25.5%
Off Market in 2 Weeks
23.9%
Sale-to-List Ratio
99.1%
Buyer's market
Market Activity
Source: RedfinHomes Sold
102
New Listings
152
Pending Sales
159
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$268
Median List $/SF
$266
Salem vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 100,000 - 250,000 residents. Salem is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$382,400
Median Rent
$1,323
Total Housing Units
69,993
Vacancy Rate
4.2%
Owner Occupied
55.7%
Renter Occupied
44.3%
Median Property Tax
$3,936
per year
Monthly Cost (w/ Mortgage)
$1,617
Housing Types
The current median sale price in Salem, OR is $426,000 according to Redfin data. Homes spend a median of 75 days on the market. 25.5% of homes sold above asking price. The market has 4.4 months of supply. The median price per square foot is $268. Zillow's observed rent index is $1,642/month. About 55.7% of housing units are owner-occupied. The median year homes were built is 1980. There are 69,993 total housing units.