Salem, OR

Population: 160,614
Average annual home appreciation rate: 9.25%
Total of homes for sale in this market: 1,320
Median home price: $205,171
Median Rent: $893 per room
Home price range: 44.70% of homes are between $110,001 – $219,000
Median sales price: $195,000
Number of homes: 206
Median foreclosure sales price: $148,855
Foreclosure discount: 24%
Most common home type: 60.44% of homes are Single Family Detached
Number of vacant homes: 6.04%
Number of renters: 47.94%
Number of owner occupied: 52.06%
Number people living below poverty level: 18.60%
Unemployment rate: 5.60%
Is this area perfect for real estate deals going on right now? Salem has a solid decades worth of positive appreciation that has made real estate investors successful in its market. Not only that, but the lower overall prices of the homes, and the higher rents have made buy and hold rental properties a great ROI for investors. Now that Salem is boasting one of the highest appreciation rates in the nation, and showing a definite upswing in the market economy, one might benefit from investing in the Salem market.

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