Salem, OR

Metro area in Oregon · Updated Jan 2026

12-Month Forecast ↓ -0.4%

Median Home Value

$442,391

↑ +0.3%

Year-over-year

Median Rent

$1,665/mo

↑ +1.3%

Year-over-year

Rental Yield

4.5%

Good for investors

5-Year Appreciation

+25.9%

Income Needed to Buy

$110,828

20% down, 30% DTI max

Active Listings

1,199

For-sale inventory

Price-to-Rent Ratio

22.1

Favors renting

Price Forecast

1 Month

↑ +0.1%

3 Months

↑ +0.1%

12 Months

↓ -0.4%

5-Year Price Trend

Calculate your mortgage for Salem, OR

See monthly payments for a $442,391 home →

Should you rent or buy in Salem, OR?

Price-to-rent ratio: 22.1x — Renting may be smarter. Run a full breakeven analysis with Salem, OR numbers pre-filled →

Frequently Asked Questions