Salem
Oregon · Ranked #70 of 102 metros
38Crisis
Median Home Price
🏠$400K
Need $115K income
Median Rent
🔑$1K
Need $56K income
Housing Shortage
📉12,000
units needed
Building Permits
🔨3,500
annual
Median Income
💰$59K
Pop: 433,353
Rent Burden
⚠️34.0%
of renters paying >30%
Price Change (YoY)
📈+2%
Homeownership
🏡60.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Salem | National |
|---|---|---|
| Price-to-Income Ratio | 6.8x | 6.1x |
| Rent Burden | 34.0% | 31.5% |
| Homeownership Rate | 60.0% | 65.5% |
| YoY Price Change | +2% | +3.5% |
| YoY Rent Change | +1.5% | +2.8% |
| Mortgage Denial Rate | 14.0% | 13.5% |
| Eviction Rate | 4.0% | 3.6% |