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The capital of Oregon and located in the Willamette Valley, which runs alongside the Willamette River and runs north through Salem. The state government is the town’s largest employer itself, but its communities have also served as a farming area and have become the most important agricultural food processing center. However, Salem has still strived to ensure that the city’s economy is diversified. Thus, they attracted several computer-related manufacturing plants by the 1990s. Salem may have a small-town feel, but it never lacked the amenities that are found in the big city. The cost of living is almost on par with the average cost of living in the United States. The housing cost and rent are much affordable compared to Portland’s communities. Salem is home to several shopping centers, a major hospital, and the oldest university in the west, Willamette University.

Home Prices

AVERAGE
583,833 +25%
MEDIAN
499,500 +22%

Relative Price (per sqft.)

PRICE
191 +5%

Listings

ACTIVE
127 -16%
NEW
60 -38%

Market Duration

DAYS
57 +46%
Population 160,614 (16.40%)
House Size (sqft.) 2,831 (14.13%)