How has pricing changed in South Salem, Salem, Oregon over the past year?

Prices in South Salem, Salem, Oregon are down 4.6% over the past year. Even with that decline, the neighborhood remains 3% above the city median and 15% below the state median, with a gross yield of 4.0 and walkability of 59.

How does South Salem compare to Salem and Oregon overall?

South Salem, Salem, Oregon is 3% above the city median but 15% below the state median, so it is positioned differently versus each benchmark. It also shows a gross yield of 4.0, a Red Flag score of 49, and education in the 27th percentile.

Neighborhood

South Salem

Salem, Oregon US

South Salem, Salem, Oregon is a moderately priced neighborhood with a gross yield of 4.0 and a price trend over the past year of down 4.6%. It is 3% above the city median and 15% below the state median, with a Red Flag score of 49, walkability of 59, and education in the 27th percentile. The main strength is its relatively balanced risk profile; the main risk is the recent price decline.

AI Summary•Updated May 2026

Area

5.47 mi²

ZIP Code

97302

County

Marion County

State

Oregon

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesEPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$449,866

YoY-4.6%

Gross Rental Yield

4.0%

Listed rent · ZORI annualized

Red Flag Index

Moderate

49 / 100

Walkability Score

Somewhat Walkable

OpenStreetMap POI density · national percentile

Education Score

27 / 100

Limited · better than 27% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Fair

DistrictScore attractiveness · national model

South Salem Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for South Salem, Salem.

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$449,866	-4.6%
Price / Sq Ft (Verified)	$268/sqft	-1.5%
Asking Rent (Median)	$1,500/mo	+0.7%
Gross Rental Yield	4.0%	—
Liquidity Score	39 / 100	Moderate
Homes Sold (Period)	146	+12.3%

Is South Salem Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Oregon crime context.

Red Flag Breakdown

49 / 100

Moderate Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Earthquake100Very High

Heat80Very High

Strong Wind60High

Wildfire40Moderate

Hail40Moderate

Flood20Low

Tornado20Low

Hurricanen/an/a

7/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Oregon averaged 27.2 crimes and 3.3 violent per 1,000 residents (-6.9% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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Tract-level hazard heatmap & parcel detail with Pro

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What Stands Out AI Insight

Active transaction volume — 146 homes sold last period

Dense amenities — 49 dining & 12 grocery options nearby

Earthquake risk is Very High (100/100)

Heat risk is Very High (80/100)

Insights are generated from South Salem's live DistrictScore metrics.

South Salem Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Oregon-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Oregon Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	27.2	3.3	-6.9%
2023	29.3	3.3	-10.8%
2022	33.0	3.5	+8.4%
2021	30.3	3.4	+3.1%
2020	29.5	2.9	-3.7%
2019	30.8	2.9	—

Reported at the state level — the finest official US crime aggregation; South Salem inherits the Oregon figures.

Radon Potential

EPA

Zone 3

Zone 3 — Lowest potential · South Salem

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Industrial odor9 nearbyVery High

Point-source screening near South Salem: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

Walkability & Amenities in South Salem

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

59

Somewhat Walkable

Walkability Score

12

Grocery

49

Dining

8

Schools

0

Universities

7

Hospitals

0

Pharmacies

23

Parks

1

Rail Transit

0

Coworking

POI counts are amenities within South Salem's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

South Salem vs Salem vs Oregon

How South Salem benchmarks against its city and state medians.

Benchmark vs City & State

Across South Salem, the median sale price sits about 3% above the median for Salem neighborhoods and about 15% below the statewide median. Gross rental yield is 4.0%, against 4.3% for Salem neighborhoods and 4.0% statewide. Over the past 12 months, prices fell 4.6%. Transaction liquidity sits above the median for Salem neighborhoods and above the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
South Salem	$268/sqft	4.0%	39
Salem	$260/sqft	4.3%	35
Oregon	$314/sqft	4.0%	32

Unlock the South Salem benchmark

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Buying Property in the US as a Foreigner

Federal & Oregon tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~0.79% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 9.9%; rental income is taxed at these rates.

State Capital Gains

Capital gains are taxed as ordinary income at state rates.

Transfer Tax

Real estate transfer tax: none statewide (except Washington County).

Assessment Cap

Measure 50 limits assessed value; it does not reset to market value on sale.

Mansion Tax / Rent Control

Statewide rent control caps annual rent increases at 7%+CPI (SB 608); no mansion tax.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

Conforms to 1031 but tracks deferred in-state gain after an out-of-state exchange.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Oregon property-tax guidance for foreign buyers

Latest Salem Real-Estate News

New Fed chairman may leave mortgage rates mostly unchanged

Guaranteed Rate • Jun 18, 2026

Household real estate wealth hits record $48.7 trillion

Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

South Salem Real Estate FAQ

South Salem, Salem, Oregon has a gross yield of 4.0 and prices that fell 4.6% over the past year. It is 3% above the city median and 15% below the state median, with a Red Flag score of 49 and walkability of 59.

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