Rental numbers for the Salem, OR metro
The typical home here runs -$1,754 a month at 7.78% with 25% down. 0 of 11 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.3%.
- Gross yield
- 4.3%
- typical home, Zillow
- Median ZIP yield
- 4.3%
- 11 ZIPs with full data
- Cash flow
- -$1,754/mo
- at 7.78%, 25% down
- Typical price
- $450,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,618/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
29 with published figures
| 97351Independence | $428,000 | $1,810* | 5.1% | 2.3% | -$1,497 | n/a |
| 97342Detroit | $458,000 | $1,920* | 5.0% | 2.5% | -$1,519 | n/a |
| 97026Gervais | $433,000 | $1,810* | 5.0% | 2.4% | -$1,473 | n/a |
| 97071Woodburn | $423,000 | $1,730 | 4.9% | 2.1% | -$1,531 | -1.1% |
| 97301Salem | $370,000 | $1,492 | 4.8% | 2.1% | -$1,351 | -0.1% |
| 97347Grand Ronde | $458,000 | $1,800* | 4.7% | 2.4% | -$1,539 | n/a |
| 97344Falls City | $362,000 | $1,400* | 4.6% | 2.2% | -$1,293 | n/a |
| 97020Donald | $462,000 | $1,760* | 4.6% | 2.1% | -$1,672 | n/a |
| 97325Aumsville | $489,000 | $1,860* | 4.6% | 2.0% | -$1,815 | n/a |
| 97317Salem | $456,000 | $1,703 | 4.5% | 1.8% | -$1,775 | n/a |
| 97362Mount Angel | $482,000 | $1,800* | 4.5% | 1.9% | -$1,824 | n/a |
| 97032Hubbard | $488,000 | $1,800* | 4.4% | 1.9% | -$1,854 | n/a |
| 97304Salem | $500,000 | $1,844 | 4.4% | 1.7% | -$1,985 | +0.3% |
| 97305Salem | $421,000 | $1,551 | 4.4% | 1.7% | -$1,661 | n/a |
| 97306Salem | $492,000 | $1,759 | 4.3% | 1.5% | -$2,036 | +0.9% |
| 97303Keizer | $448,000 | $1,584 | 4.2% | 1.6% | -$1,816 | +1.7% |
| 97338Dallas | $476,000 | $1,577 | 4.0% | 1.5% | -$1,953 | +0.8% |
| 97381Silverton | $550,000 | $1,780 | 3.9% | 1.5% | -$2,276 | n/a |
| 97352Jefferson | $453,000 | $1,450* | 3.8% | 1.4% | -$1,898 | n/a |
| 97302Salem | $461,000 | $1,427 | 3.7% | 1.0% | -$2,104 | -1.7% |
| 97361Monmouth | $475,000 | $1,447 | 3.6% | 1.2% | -$2,101 | +4.1% |
| 97383Stayton | $462,000 | $1,390* | 3.6% | 1.1% | -$2,051 | n/a |
| 97385Sublimity | $579,000 | $1,680* | 3.5% | 1.2% | -$2,559 | n/a |
| 97137Saint Paul | $593,000 | $1,690* | 3.4% | 1.1% | -$2,641 | n/a |
| 97375Scotts Mills | $633,000 | $1,800* | 3.4% | 1.3% | -$2,746 | n/a |
| 97358Lyons | $500,000 | $1,390* | 3.3% | 1.0% | -$2,268 | n/a |
| 97002Aurora | $703,000 | $1,800* | 3.1% | 0.9% | -$3,292 | n/a |
| 97392Turner | $579,000 | $1,390* | 2.9% | 0.7% | -$2,793 | n/a |
| 97371Rickreall | $762,000 | $1,630* | 2.6% | 0.6% | -$3,704 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +0.5%
- Rent, 12 months
- +0.3%
- Rent minus price growth
- -0.2 pts
- Property tax
- 0.72%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $401,257 | $1,365 |
| Aug 2022 | $448,970 | $1,521 |
| Aug 2023 | $440,059 | $1,565 |
| Aug 2024 | $446,715 | $1,590 |
| Aug 2025 | $447,317 | $1,613 |
| Aug 2026 | $449,621 | $1,618 |
Counties
- Marion County, OR4.4% median yield
- Polk County, OR4.0% median yield
Tools
Questions
- Is the Salem, OR metro good for rental property?
- The typical home here runs -$1,754 a month at 7.78% with 25% down. 0 of 11 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.3%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Salem, OR metro have the highest rental yield?
- 97071 (Woodburn) at 4.9%, 97301 (Salem) at 4.8%, 97317 (Salem) at 4.5%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.