1031 Exchange Salem, Oregon

 

Surrounding metropolitan Area

Salem, Oregon is a part of the Salem, OR metropolitan area, and contains 13 zip codes, including: 97304, 97308, 97306, 97314, 97309, and 97305.

Salem Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Salem, OR metropolitan area was $918, which is 28.03% lower than 2014 average rent. This represents a compounded annual growth rate of 5.07%. 2019 vacancy in Salem, OR was 2.20%.

The total population of the city of Salem, OR has grown 12.16% since 2010. As of 2018, the population was 173,442. The median household income of the Salem was $53,619, which is 11.07% lower than the national average.

  • metropolitan area Salem, OR
  • avg rent $918
  • rent growth 28.03%
  • vacancy 2.20%
  • median income $53,619
  • population (2018) 173,442
  • population growth 12.16%
  • vs. nat'l avg 11.07%
  • zip codes 97301 97302 97303 97304 97305 97306 97308 97309 97310 97311 97312 97314 97317

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