Rental market snapshot for Salem, Oregon
Salem, Oregon Rental Property Market Overview
Salem, Oregon is the capital of the state and the third-largest city in Oregon. According to the US Census, Salem has a population of 177,723 as of 2021. It is located in the Willamette Valley, between Portland and Eugene, and is known for its rich history, diverse culture, and vibrant economy. Salem is home to a variety of attractions, including the Oregon State Capitol, the Oregon State Fairgrounds, and the Oregon State University. It is also a great place to explore the outdoors, with a variety of parks, trails, and rivers. With its diverse population and many attractions, Salem is a great place to live and visit. (Source: US Census, 2021)
The average rent for an apartment in Salem is $1,477. The cost of rent varies depending on several factors, including location, size, and quality.
The average rent has increased by 0.70% over the past year.
Last Updated April 22, 2023
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Average monthly rent graph in Salem Oregon | Cost of Living
- The most expensive ZIP code in Salem is 97306 with an average price of $1,695
- The cheapest ZIP code in Salem is 97305 with an average price of $1,150
Salem ZIP codes with the highest, most expensive rent
| # | ZIP Code | Average Rent |
|---|---|---|
| 1 | 97306 | $1,695 |
| 2 | 97304 | $1,595 |
| 3 | 97302 | $1,450 |
| 4 | 97305 | $1,385 |
| 5 | 97301 | $1,350 |
Live near Salem, Oregon's Top Sights and Attractions
Englewood Park is a large, lush green space located in the heart of the city. It features a variety of outdoor activities, including a playground, picnic areas, walking trails, and a large pond. The park also has a variety of wildlife, including ducks, geese, and other birds. The park is a popular spot for families to spend time together, as well as for people to get away from the hustle and bustle of the city.
Cascades Gateway Park is a scenic outdoor destination located in the foothills of the Cascade Mountains. It features a variety of trails for hiking, biking, and horseback riding, as well as a large lake for fishing and boating. The park also has a playground, picnic areas, and a disc golf course. The park is surrounded by lush forests and offers stunning views of the surrounding mountains. Visitors can also explore the nearby wetlands, which are home to a variety of wildlife.
Bush's Pasture Park is a 90-acre park located in the heart of the city. It features a variety of attractions, including a rose garden, a Japanese garden, a pond, a playground, and a variety of walking trails. The park also features a variety of wildlife, including ducks, geese, and other birds. The park is a popular spot for picnics, family gatherings, and outdoor activities.
Riverfront Park is a scenic outdoor area located along the banks of the Willamette River. It features a large grassy area, walking paths, a playground, and a variety of trees and plants. There is also a boat launch, fishing pier, and a picnic area with tables and grills. The park is a popular spot for outdoor activities such as walking, jogging, biking, and fishing. It is also a great place to relax and take in the beautiful views of the river.
Wallace Marine Park is a scenic riverside park located along the Willamette River. It features a large grassy area with picnic tables, a playground, and a boat launch. There is also a paved walking path that winds along the river, offering stunning views of the river and the surrounding area. The park is a popular spot for fishing, kayaking, and other water activities. It is also home to a variety of wildlife, including ducks, geese, and other birds.
Pringle Park is a beautiful outdoor space located in the heart of Salem. It features a large lake, a walking path, and plenty of lush green grass. There are several picnic tables and benches scattered throughout the park, making it a great spot for a family outing or a romantic date. The park also has a playground for children, as well as a basketball court and a disc golf course. In the summer, the park is alive with the sound of birds and the smell of freshly cut grass.
Minto Brown Island Park is a sprawling, lush green oasis located on the banks of the Willamette River. It features a variety of recreational activities, including hiking, biking, and fishing. The park also has a large picnic area, playgrounds, and a disc golf course. There are plenty of trails to explore, and the park is home to a variety of wildlife, including birds, deer, and beavers. The park is a great place to relax and enjoy nature, and it is a popular destination for locals and visitors alike.
The Prewitt Allen Archeological Museum is a unique attraction located in Salem, Oregon. It is a museum dedicated to the history of the area, and features a variety of artifacts from the past. Visitors can explore the museum's collection of Native American artifacts, including arrowheads, pottery, and tools. The museum also features interactive exhibits, such as a replica of a Native American village, and a hands-on area where visitors can learn about the history of the area. The museum also offers educational programs and special events throughout the year.
Battle Creek Property is a beautiful nature area located in Salem, Oregon. It features a variety of outdoor activities, including hiking, biking, fishing, and picnicking. The property is home to a variety of wildlife, including deer, beavers, and birds. There are also several scenic trails that wind through the area, providing visitors with stunning views of the surrounding landscape. Battle Creek Property is a great place to spend a day outdoors, enjoying the beauty of nature.
State Capital Park is a beautiful outdoor attraction located in Salem, Oregon. It features a large grassy area with a variety of trees, shrubs, and flowers, as well as a pond and fountain. The park also has a playground, picnic area, and walking paths. It is a great place to relax and enjoy the outdoors, as well as take in the views of the nearby state capitol building.
Salem, Oregon area median rent change by ZIP code map
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How does Salem compare to other cities in Oregon ?
| city | median price |
|---|---|
| Albany | $1,595 |
| Wilsonville | $2,053 |
| Canby | $1,395 |
| La Grande | $1,300 |
| Prineville | $1,395 |
| Albany | $1,395 |
Average household income in Salem area graph - US Census
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The median household income in Salem in 2021 was $62,185. This represents a 40.6% change from 2011 when the median was $44,226.
| # | category | percent |
|---|---|---|
| 0 | Less than $10,000 | 5.3% |
| 1 | $10,000 to $14,999 | 4.4% |
| 2 | $15,000 to $19,999 | 4.5% |
| 3 | $20,000 to $24,999 | 4.4% |
| 4 | $25,000 to $29,999 | 4.5% |
| 5 | $30,000 to $34,999 | 6.0% |
| 6 | $35,000 to $39,999 | 4.2% |
| 7 | $40,000 to $44,999 | 4.4% |
| 8 | $45,000 to $49,999 | 4.6% |
| 9 | $50,000 to $59,999 | 8.8% |
| 10 | $60,000 to $74,999 | 10.8% |
| 11 | $75,000 to $99,999 | 13.6% |
| 12 | $100,000 to $124,999 | 9.9% |
| 13 | $125,000 to $149,999 | 5.0% |
| 14 | $150,000 to $199,999 | 5.7% |
| 15 | $200,000 or more | 3.8% |
