The median home value in Salem, OR is $425,000.
This is
higher than
the county median home value of $370,000.
The national median home value is $308,980.
The average price of homes sold in Salem, OR is $425,000.
Approximately 53% of Salem homes are owned,
compared to 40% rented, while
6% are vacant.
Salem real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Salem real estate agent to arrange a tour today!
Learn more about Salem.
Prime redevelopment opportunity in West Salem with owner carry option! Potential for a variety of uses, including multi-family housing, apartments, office space, retail shops, cafes & restaurants. Three contiguous parcels totaling around .60 acres. Located within the West Salem Central Business is already zoned for commercial & mixed-use developments. Existing structures (residential homes, a pole building) could either be leveraged in the redevelopment plans or potentially cleared for a fresh start.
With very few available commercial parcels of any size available in West Salem, the positioning of the former RainSweet location is an ideal asset for current industrial owners and redevelopers alike. Through the City of Salem's comp plan amendment, the property in question was rezoned to MU-III (Mixed Use 3). Housing needs in Salem are being prioritized by the City, and the MU-III zone is particularly favorable toward the development of retail and multifamily housing in the future.
