2026 Affordability Data
Most Affordable Neighborhoods in Salem - 2026 Data
The median home value in Salem is $349,500, 24% above nat'l avg. Median rent is $719/month. With an affordability index of 89, Salem is less affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Salem, OR area.
Key Takeaways: Affordability in Salem
- 1The most affordable neighborhood in Salem is Independence, with a median home value of $302,300.
- 2Salem's median home value is $349,500, 24% above nat'l avg (national: $281,900).
- 3Salem's affordability index is 89 (baseline 100), making it less affordable than the national average.
- 4Median rent in Salem is $719/month, 38% below nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Salem to find the most affordable areas based on home values, rent, and affordability index.
Salem Affordability Overview
Median Home Value
$349,500
24% above nat'l avg
Median Rent
$719/mo
38% below nat'l avg
Median Income
$67,540
9% below nat'l avg
Affordability Index
89
11% below nat'l avg
Most Affordable Neighborhoods in Salem (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | IndependenceOR | $302,300 |
| 2 | Lake OswegoOR | $825,000 |
| 3 | MonmouthOR | $343,900 |
| 4 | SilvertonOR | $406,000 |
| 5 | TigardOR | $525,100 |
| 6 | GreshamOR | $411,700 |
| 7 | HillsboroOR | $452,300 |
| 8 | CorneliusOR | $379,400 |
| 9 | SandyOR | $435,100 |
| 10 | SpringfieldOR | $293,200 |
| 11 | OntarioOR | $174,900 |
| 12 | CorvallisOR | $436,000 |
| 13 | AlbanyOR | $321,600 |
| 14 | NewportOR | $373,400 |
| 15 | TualatinOR | $548,900 |
Detailed Neighborhood Profiles
Home Value: $302,300
Rent: $719/mo
Affordability: 89
Population: 9,981
Home Value: $825,000
Rent: $719/mo
Affordability: 89
Population: 40,457
Home Value: $343,900
Rent: $719/mo
Affordability: 89
Population: 11,054
4
Home Value: $406,000
Rent: $719/mo
Affordability: 89
Population: 10,439
5
Home Value: $525,100
Rent: $719/mo
Affordability: 89
Population: 55,161
6
Home Value: $411,700
Rent: $719/mo
Affordability: 89
Population: 113,525
7
Home Value: $452,300
Rent: $719/mo
Affordability: 89
Population: 106,612
8
Home Value: $379,400
Rent: $719/mo
Affordability: 89
Population: 13,245
9
Home Value: $435,100
Rent: $719/mo
Affordability: 89
Population: 12,592
10
Home Value: $293,200
Rent: $719/mo
Affordability: 89
Population: 61,740
11
Home Value: $174,900
Rent: $719/mo
Affordability: 89
Population: 11,610
12
Home Value: $436,000
Rent: $719/mo
Affordability: 89
Population: 60,050
13
Home Value: $321,600
Rent: $719/mo
Affordability: 89
Population: 56,348
14
Home Value: $373,400
Rent: $719/mo
Affordability: 89
Population: 10,319
15
Home Value: $548,900
Rent: $719/mo
Affordability: 89
Population: 27,804
Frequently Asked Questions About Affordability in Salem
What is the most affordable neighborhood in Salem, OR?▾
Based on 2026 data, Independence is the most affordable neighborhood in Salem with a median home value of $302,300. Kurby analyzed 15 neighborhoods in the Salem area to compile these rankings.
What is the median home price in Salem, OR?▾
The median home price in Salem is $349,500, which is 24% above nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Salem affordable compared to the national average?▾
Salem has an affordability index of 89, which means housing is less affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Salem, OR?▾
The median monthly rent in Salem is $719. This is 38% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Salem?▾
The median household income in Salem is $67,540 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Salem are below the national average home price?▾
1 out of 15 ranked neighborhoods in Salem have a median home value below the national average of $281,900. The most affordable is Ontario at $174,900 (Source: Kurby, 2026).