Home prices
The cost of the median home in Salem is $242,800. Compared to its surrounding areas it is approximately $22,500 (10%) higher.It is approximately $25,300 (11%) higher in comparison to the United States as a whole, and in comparison to the city of Portland it is about $169,200 (41%) lower.
Rents
Salem's median rent is $975 a month. This is approximately $16 (1%) lower compared to the surrounding areas.Compared to the nation as a whole it is approximately $87 (8%) lower, and is roughly $273 (21%) lower in comparison to the city of Portland.
Nearby places
Four Corners
Four Corners is Salem's neighbor to the east. Housing prices there are significantly less expensive. The median home value in Four Corners is $174,900, which is $67,900 (38%) lower than Salem. Rent there is a bit more expensive. Four Corners's median monthly rent is $1,085, which comes out to $110 (10%) higher than Salem.
Hayesville
Hayesville is Salem's neighbor to the northeast. Its housing prices are a bit less expensive. Hayesville's median home value is $201,700, which is $41,100 (20%) lower than Salem. The rent there is pretty similar. Hayesville's median monthly rent is $941, which comes out to $34 (3%) lower than Salem.
Keizer
Keizer is Salem's neighbor to the north. Its housing prices are a little more expensive. The median home in Keizer costs $260,200, which is $17,400 (6%) higher than Salem. Its rents are somewhat more expensive. In Keizer the median monthly rent is $1,056, which works out to $81 (7%) higher than Salem.
Turner
Turner is about 5 miles southeast from Salem. Real estate prices there are a little more expensive. The median home price in Turner is $262,500, which works out to $19,700 (7%) higher than Salem. The rent there is a bit less expensive. The median rent in Turner is $914 a month, which is $61 (6%) lower than Salem.
Aumsville
Aumsville is about 8 miles southeast of Salem. Its housing prices are somewhat less expensive. The price of the median home in Aumsville is $202,200, which works out to $40,600 (20%) lower than Salem. Rent there is pretty similar. In Aumsville the median rent is $959 a month, which works out to $16 (1%) lower than Salem.
