Salem housing market: median home price and forecast
Salem home prices: the Zillow Home Value Index put a typical Salem, Oregon home at $432,418 in September 2026. That is 0.3% above a year earlier and 0.6% below the high of $434,839 reached in February 2026.
- Value of a typical home
- $432,418September 2026, Zillow ZHVI
- Change over 12 months
- 0.3% up on the year, compared with September 2025.
Salem home prices since 2000
Salem is the steel line, and the United States is the grey one. Beginning in January 2000, the typical Salem home climbed from $140,018 to $432,418, ×3.09, versus ×2.99 for the US across those months. The boom peak was $232,451 in September 2007; the low was $162,329 in October 2012, −30.2%.
Median Salem home price by year
Each yearly figure averages the twelve monthly values; for 2026 the latest month is shown.
| Year | Salem | Change on the year | United States |
|---|---|---|---|
| 2000 | $141,703 | $125,745 | |
| 2001 | $147,471 | +4.1% | $134,899 |
| 2002 | $152,508 | +3.4% | $144,276 |
| 2003 | $159,479 | +4.6% | $155,308 |
| 2004 | $167,145 | +4.8% | $169,891 |
| 2005 | $178,286 | +6.7% | $189,732 |
| 2006 | $208,612 | +17.0% | $206,531 |
| 2007 | $229,101 | +9.8% | $208,449 |
| 2008 | $224,269 | −2.1% | $195,574 |
| 2009 | $206,041 | −8.1% | $177,542 |
| 2010 | $195,744 | −5.0% | $171,462 |
| 2011 | $178,100 | −9.0% | $162,508 |
| 2012 | $164,086 | −7.9% | $161,137 |
| 2013 | $167,876 | +2.3% | $171,420 |
| 2014 | $180,102 | +7.3% | $182,996 |
| 2015 | $196,733 | +9.2% | $192,738 |
| 2016 | $222,145 | +12.9% | $204,509 |
| 2017 | $249,683 | +12.4% | $216,767 |
| 2018 | $279,721 | +12.0% | $230,541 |
| 2019 | $300,980 | +7.6% | $242,088 |
| 2020 | $319,945 | +6.3% | $257,151 |
| 2021 | $376,319 | +17.6% | $295,959 |
| 2022 | $423,772 | +12.6% | $340,014 |
| 2023 | $422,402 | −0.3% | $348,160 |
| 2024 | $429,676 | +1.7% | $359,751 |
| 2025 | $431,965 | +0.5% | $362,959 |
| September 2026 | $432,418 | +0.3% | $366,157 |
What a home bought in Salem in any year is worth now
An estimate based on the index for a typical home, not an appraisal.
Each yearly figure averages twelve monthly index values; the current value is September 2026. More tools: home appreciation calculator.
Thinking about selling? See how local agents compare on Realtor.com. Advertising disclosure: links like this one may pay the site, and no number is ever changed. Disclosure.
Salem housing market forecast
Zillow's forecast puts the Salem, OR metro at +0.1% over the 12 months starting September 2026, with 0% over the next three months. Salem's typical value stands at $432,418, so the forecast would bring it to roughly $432,900 in a year's time.
This is Zillow's central estimate, restated here for the metro; no forecast of its own is published by the site. Forecasts of this sort, covering 12 months, have usually been off by several percentage points, sometimes high and sometimes low. This is not investment advice.
One table with every metro forecast: housing market forecast.
Salem housing market crash risk score
71 out of 100, rated high
The score ranks Salem against 292 cities using five conditions that were high before earlier price falls. Each input gets a score from 0 to 100, compared with the other cities, and the five scores are averaged with equal weight. It shows conditions as they are now; no crash is predicted by it.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | +19.0% | 69 | 20% |
| Time on the market vs 2019 | +30.0% | 88 | 20% |
| Price-to-rent ratio | 22.4 | 73 | 20% |
| Price-to-income ratio | 5.4 | 64 | 20% |
| 12-month price change | +0.3% | 59 | 20% |
This is not investment advice. Scoring of the inputs: methodology. All 292 cities, ranked: crash risk rankings.
Salem inventory and days on the market
For September 2026 the Salem, OR metro recorded 1,533 homes available for sale, which was +21.5% above the prior year and +19.0% above the same month in 2019. The median time to sell a listing was 65 days (+30.0% against 2019), and a price cut appeared on 31.1% of listings.
| Salem, OR metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 1,533 | +21.5% |
| New listings | 372 | |
| Median days on market | 65 | 0% |
| Median list price | $517,000 | −2.3% |
| Share with a price cut | 31.1% |
Metro inventory from Realtor.com® Economic Research. Realtor.com source data. See every metro: days on market by city.
What it costs to live in Salem
The Zillow Observed Rent Index, 0% year over year, places Salem's typical monthly asking rent at $1,611. Paying that rent for 22.4 years equals the price of a typical home. Median household income stands at $79,638 (Census ACS 2024), which puts the typical home at 5.4 times a year's income. According to BEA, the metro's price level is 103.6, compared with 100 for the US average, while its housing costs score is 110.3.
Moving to Salem? Review rent, prices, and the salary required: Salem living costs.
Housing markets elsewhere in Oregon
- Portland, Oregon $524,318
- Eugene at $471,485.
- Bend at $721,430.
- Medford at $404,082.
For the whole state: Oregon housing market.
How to read this chart
Each point is a dollar figure for that month: the Zillow Home Value Index for Salem, which covers a typical home in the market's middle third, smoothed and seasonally adjusted. The hollow dot marks the month selected on the slider, and the terracotta dot marks the latest month. None of these numbers is adjusted for inflation, and an index tracks the typical home rather than a single house. To value one home, use its sale price with the home appreciation calculator or the card above it.