4967 Wind Spg NE #24 · Salem, OR
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 2/10 · Minimal
- Est. fire insurance / yr
- $498 – $926
Heat risk 4/10 · Minor
- Hot days now (above 92°F)
- 7 days/yr
- Hot days in 30 yrs
- 14 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 9/10 · Severe
- Unhealthy air days now
- 12 days/yr
- Unhealthy air days in 30 yrs
- 13 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B- grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +30.0/30.0
- DSCR +10.0/10.0
- 1% rule +9.8/10.0
- ARV discount +5.3/15.0
- Livability +4.0/5.0
- Schools +3.7/10.0
- Condition / age +2.5/5.0
- Rent growth +2.3/5.0
- Appreciation +0.0/10.0
$109,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Great Starter Home with Equity Potential, Priced to Sell Fast.This is your chance to own a home for what you’re paying in rent today. This welcoming home offers comfort, privacy, and the kind of potential that lets you build real sweat-equity over time. Step inside to vaulted ceilings and skylights that fill the home with natural light. The newer furnace and AC keep things comfortable year-round, and the separate laundry room with space to drop shoes and coats makes everyday living easier. With three bedrooms and two full baths, everyone gets their own space. The private primary suite, set apart from the other bedrooms, gives you a quiet retreat.Outside, you’ll find a wood deck perfect for relaxing, a fenced yard for pets or play, and a roomy storage shed for tools, bikes, or hobbies. There’s even RV storage available for a small monthly fee and up to three-car tandem off-street parking.The neighborhood is peaceful, yet close to everything you need. Major roads and I-5 are just minutes away, making shopping and commuting simple. And when you want to unwind, Royal Oaks Park is nearby with playgrounds, open fields, picnic spots, dog-walking paths, and biking areas. This home gives you freedom of ownership at a price that’s hard to find. Homes like this don’t come around often. Check out this opportunity while you can.
Key facts
- Wood deck
- Newer furnace
- Vaulted ceilings
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/2.0-bath manufactured listed at $110k.
Deal economics
- At list price, monthly cash flow is $581 ($7k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $110k).
- Recommended offer: $100k (9.0% below list) — sets the bar for market timing.
- Cap rate 12.6% vs local median 2.9% in Salem — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 79/100 on livability (#59 in OR, #2,084 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: schools D, crime F.
- Salem-Keizer SD 24J (urban): math 34% / reading 47% proficiency, ranked #103 of 183 in OR (top 56%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
- Market conditions: Rents soft (-0.7%/yr); 280 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 47% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,591 units permitted in Marion County in 2024 (716 in 5+ unit buildings).
- This rent runs 32% of the median local income ($60k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $760 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
- Marion County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- At projected returns (-3.0% appreciation + 0.0% rent growth), your $31k cash investment doubles in ~7 years — after that, you're playing with house money.
Negotiation context
- It's been on market 95 days — a 9% lower offer ($100k) is reasonable based on typical stale-listing flexibility.
- 5 sale attempts since 7y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
Questions for the listing agent
- It's been on market 95 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 1.48% ✓
- Cap rate
- 12.64%
- Cash-on-cash
- 22.66%
- DSCR
- 2.01
- GRM
- 5.6
CMA / ARV
- ARV (median comp)
- $104,840
- List price
- $109,900
- Delta
- 4.83%
- Verdict
- FAIR
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 857 Hoffman Rd NE #11 | 0.11mi | 3/2.0 | 1,296 (+9%) | 6mo | $110,000 | $85 | 74 |
| 857 Hoffman Rd | 0.11mi | 3/2.0 | 1,296 (+9%) | 6mo | $110,000 | $85 | 74 |
| 4915 Swegle Rd NE #15 | 0.54mi | 3/2.0 | 1,152 (-3%) | 2mo | $57,500 | $50 | 68 |
| 1500 NE Gabriela Ct #16 | 0.33mi | 3/2.0 | 1,350 (+14%) | 1mo | $98,000 | $73 | 61 |
| 1500 Gabriela Ct #20 | 0.33mi | 3/2.0 | 1,323 (+11%) | 5mo | $132,000 | $100 | 61 |
| 4915 Swegle Rd #81 | 0.54mi | 2/2.0 (-1) | 1,248 (+5%) | 1mo | $29,900 | $24 | 61 |
| 4915 Swegle Rd NE #45 | 0.54mi | 2/2.0 (-1) | 1,152 (-3%) | 8mo | $56,300 | $49 | 58 |
| 4915 Swegle Rd NE #3 | 0.54mi | 3/2.0 | 1,288 (+8%) | 4mo | $57,000 | $44 | 57 |
| 4915 Swegle Rd | 0.55mi | 3/2.0 | 1,288 (+8%) | 4mo | $57,000 | $44 | 57 |
| 1756 Icabod Ct NE | 0.72mi | 3/2.0 | 1,152 (-3%) | 14mo | $331,000 | $287 | 49 |
| 1913 Cottontail Ct NE | 0.74mi | 3/2.0 | 1,296 (+9%) | 7mo | $334,900 | $258 | 45 |
| 4915 Swegle Rd #13 | 0.54mi | 2/2.0 (-1) | 1,056 (-11%) | 20mo | $60,000 | $57 | 34 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 0.0% rent growth · sell at horizon
- IRR
- 12.2%
- Equity multiple
- 1.47×
- Total profit
- $14,410
- Equity at exit
- $16,386
- IRR
- 18.8%
- Equity multiple
- 2.36×
- Total profit
- $41,697
- Equity at exit
- $9,502
Cash invested: $30,772 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 28 Tenant-Leaning
- State Oregon
- 28 Tenant-Leaning · D+6
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 97301
- Rents YoY
- -0.7%
- Active inventory
- 280
- Price-to-rent
- 5.6×
Monthly cashflow live
- Estimated rent
- $1,631 high interval (Pro) →
- Mortgage (P&I)
- −$576
- Tax from tax record
- −$85 /mo · $1,023/yr
- Insurance
- −$46
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$342
- Net cashflow
- $581
Break-even live
Sensitivity live
| Price | -10% $643 | -5% $612 | +0% $581 | +5% $550 | +10% $519 |
|---|---|---|---|---|---|
| Rent | -10% $452 | -5% $517 | +0% $581 | +5% $645 | +10% $710 |
| Rate | -1.0pp $636 | -0.5pp $609 | base $581 | +0.5pp $553 | +1.0pp $524 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $27,475
- Closing costs
- $3,297
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 32 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 4341 Center St NE Salem, OR | 2.0 | 1.0 | 828 | $1,130 | $1.36 | 44d | 1 | 0.81mi |
| 102 Greencrest St NE Salem, OR | 3.0 | 1.0–2.0 | 914 | $2,205 | $2.41 | 15d | 25 | 0.91mi |
| 4485 Monroe Ave NE Salem, OR | 4.0 | 2.0 | 1200 | $2,195 | $1.83 | 44d | 1 | 0.95mi |
| 1973 45th Ave NE Salem, OR | 2.0 | 1.0–2.0 | 1043 | $1,360 | $1.30 | 15d | 2 | 0.97mi |
| 138 Bayview Way NE Salem, OR | 2.0 | 1.0 | 850 | $1,395 | $1.64 | 15d | 3 | 1.05mi |
| 4768 El Cedro Loop NE Salem, OR | 3.0 | 2.0 | 1344 | $1,895 | $1.41 | 44d | 1 | 1.09mi |
| 4116 Market St NE Salem, OR | 2.0 | 1.0 | 858 | $1,350 | $1.57 | 15d | 1 | 1.11mi |
| 4116 Market St NE Salem, OR | 2.0 | 1.0 | 858 | $1,350 | $1.57 | 44d | 1 | 1.11mi |
| 4611 State St Unit 4611 Salem, OR | 2.0 | 1.0 | 840 | $1,450 | $1.73 | 24d | 1 | 1.12mi |
| 4098 Market St NE Unit MT21 Salem, OR | 2.0 | 1.0 | 900 | $1,275 | $1.42 | 24d | 1 | 1.13mi |
| 4200 Sunnyview Rd NE Salem, OR | 2.0 | 1.0–2.0 | 880 | $1,445 | $1.64 | 24d | 1 | 1.13mi |
| 143 Connecticut Ave SE Unit 145 Salem, OR | 3.0 | 1.0 | 1207 | $1,595 | $1.32 | 15d | 1 | 1.18mi |
| 435 Fountain Valley Way NE Salem, OR | 1.0–2.0 | 1.0–2.0 | 939 | $1,559 | $1.66 | 22d | 5 | 1.22mi |
| 4154 Sunnyview Rd NE Salem, OR | 1.0–2.0 | 1.0 | 806 | $1,375 | $1.71 | 15d | 6 | 1.23mi |
| 4836 Tanglewood Ct SE Salem, OR | 3.0 | 2.0 | 1316 | $2,150 | $1.63 | 24d | 1 | 1.24mi |
| 1415 Lancaster Dr NE Unit 33 Salem, OR | 2.0 | 1.0 | 850 | $1,225 | $1.44 | 44d | 1 | 1.25mi |
| 1415 Lancaster Dr NE Unit 18 Salem, OR | 2.0 | 1.0 | 850 | $1,200 | $1.41 | 44d | 1 | 1.25mi |
| 1415 Lancaster Dr NE Unit 16 Salem, OR | 2.0 | 1.0 | 850 | $1,250 | $1.47 | 44d | 1 | 1.25mi |
| 133 Stafford Ln NE Unit 133-103 Salem, OR | 2.0 | 1.0 | 827 | $1,195 | $1.44 | 44d | 1 | 1.27mi |
| 124 Stafford Ln NE Unit 124-203 Salem, OR | 3.0 | 2.0 | 1052 | $1,595 | $1.52 | 44d | 1 | 1.28mi |
| 1415 Lancaster Dr NE Unit 21 Salem, OR | 2.0 | 1.0 | 850 | $1,225 | $1.44 | 15d | 1 | 1.28mi |
| 4433 Mahrt Ave SE Unit 4437-206 Salem, OR | 2.0 | 2.0 | 932 | $1,525 | $1.64 | 44d | 1 | 1.33mi |
| 4433 Mahrt Ave SE Unit 4435-201 Salem, OR | 2.0 | 2.0 | 888 | $1,525 | $1.72 | 24d | 1 | 1.33mi |
| 3880 Auburn Rd NE Unit 3896 Salem, OR | 2.0 | 1.0 | 850 | $1,450 | $1.71 | 44d | 1 | 1.34mi |
| 4359 Rodeo Dr NE Salem, OR | 3.0 | 2.0 | 1170 | $2,245 | $1.92 | 22d | 1 | 1.38mi |
| 4889 Saunter Loop NE Salem, OR | 3.0 | 1.5 | 1186 | $1,925 | $1.62 | 44d | 1 | 1.39mi |
| 4135 State St Unit 11 Salem, OR | 2.0 | 1.0 | 820 | $1,195 | $1.46 | 44d | 1 | 1.39mi |
| 3695 D St NE Salem, OR | 1.0–2.0 | 1.0–2.0 | 1037 | $1,650 | $1.59 | 44d | 3 | 1.40mi |
| 4166 State St Salem, OR | 2.0 | 1.0 | 788 | $1,350 | $1.71 | 15d | 1 | 1.40mi |
| 430 Brittany Way NE Unit 369-421 Salem, OR | 2.0 | 2.0 | 920 | $1,400 | $1.52 | 44d | 1 | 1.41mi |
| 3910-3930 Sunnyview Rd NE Salem, OR | 3.0 | 2.5 | 1300 | $1,845 | $1.42 | 15d | 6 | 1.43mi |
| 3864 Sunnyview Rd NE Salem, OR | 2.0 | 1.0 | 835 | $1,135 | $1.36 | 15d | 7 | 1.44mi |
Listing history 29 events
-
2026-06-21days on market $109,900 Active 95 DOM
-
2026-06-18days on market $109,900 Active 92 DOM
-
2026-06-17days on market $109,900 Active 91 DOM
-
2026-06-16days on market $109,900 Active 90 DOM
-
2026-06-15days on market $109,900 Active 89 DOM
-
2026-06-14days on market $109,900 Active 87 DOM
-
2026-06-10days on market $109,900 Active 84 DOM
-
2026-06-09days on market $109,900 Active 83 DOM
-
2026-06-08days on market $109,900 Active 82 DOM
-
2026-06-07days on market $109,900 Active 81 DOM
-
2026-06-03days on market $109,900 Active 77 DOM
-
2026-06-02days on market $109,900 Active 76 DOM
-
2026-06-01days on market $109,900 Active 75 DOM
-
2026-05-31days on market $109,900 Active 74 DOM
-
2026-05-30days on market $109,900 Active 73 DOM
-
2026-05-07price $109,900 1367-char remark
Show marketing remark (1367 chars)
Great Starter Home with Equity Potential, Priced to Sell Fast.This is your chance to own a home for what you’re paying in rent today. This welcoming home offers comfort, privacy, and the kind of potential that lets you build real sweat-equity over time. Step inside to vaulted ceilings and skylights that fill the home with natural light. The newer furnace and AC keep things comfortable year-round, and the separate laundry room with space to drop shoes and coats makes everyday living easier. With three bedrooms and two full baths, everyone gets their own space. The private primary suite, set apart from the other bedrooms, gives you a quiet retreat.Outside, you’ll find a wood deck perfect for relaxing, a fenced yard for pets or play, and a roomy storage shed for tools, bikes, or hobbies. There’s even RV storage available for a small monthly fee and up to three-car tandem off-street parking.The neighborhood is peaceful, yet close to everything you need. Major roads and I-5 are just minutes away, making shopping and commuting simple. And when you want to unwind, Royal Oaks Park is nearby with playgrounds, open fields, picnic spots, dog-walking paths, and biking areas. This home gives you freedom of ownership at a price that’s hard to find. Homes like this don’t come around often. Check out this opportunity while you can.
-
2026-05-06status Active 1367-char remark
Show marketing remark (1367 chars)
Great Starter Home with Equity Potential, Priced to Sell Fast.This is your chance to own a home for what you’re paying in rent today. This welcoming home offers comfort, privacy, and the kind of potential that lets you build real sweat-equity over time. Step inside to vaulted ceilings and skylights that fill the home with natural light. The newer furnace and AC keep things comfortable year-round, and the separate laundry room with space to drop shoes and coats makes everyday living easier. With three bedrooms and two full baths, everyone gets their own space. The private primary suite, set apart from the other bedrooms, gives you a quiet retreat.Outside, you’ll find a wood deck perfect for relaxing, a fenced yard for pets or play, and a roomy storage shed for tools, bikes, or hobbies. There’s even RV storage available for a small monthly fee and up to three-car tandem off-street parking.The neighborhood is peaceful, yet close to everything you need. Major roads and I-5 are just minutes away, making shopping and commuting simple. And when you want to unwind, Royal Oaks Park is nearby with playgrounds, open fields, picnic spots, dog-walking paths, and biking areas. This home gives you freedom of ownership at a price that’s hard to find. Homes like this don’t come around often. Check out this opportunity while you can.
-
2026-04-25historical Active under Contract 1367-char remark
Show marketing remark (1367 chars)
Great Starter Home with Equity Potential, Priced to Sell Fast.This is your chance to own a home for what you’re paying in rent today. This welcoming home offers comfort, privacy, and the kind of potential that lets you build real sweat-equity over time. Step inside to vaulted ceilings and skylights that fill the home with natural light. The newer furnace and AC keep things comfortable year-round, and the separate laundry room with space to drop shoes and coats makes everyday living easier. With three bedrooms and two full baths, everyone gets their own space. The private primary suite, set apart from the other bedrooms, gives you a quiet retreat.Outside, you’ll find a wood deck perfect for relaxing, a fenced yard for pets or play, and a roomy storage shed for tools, bikes, or hobbies. There’s even RV storage available for a small monthly fee and up to three-car tandem off-street parking.The neighborhood is peaceful, yet close to everything you need. Major roads and I-5 are just minutes away, making shopping and commuting simple. And when you want to unwind, Royal Oaks Park is nearby with playgrounds, open fields, picnic spots, dog-walking paths, and biking areas. This home gives you freedom of ownership at a price that’s hard to find. Homes like this don’t come around often. Check out this opportunity while you can.
-
2026-03-18$114,900 Active 1367-char remark
Show marketing remark (1367 chars)
Great Starter Home with Equity Potential, Priced to Sell Fast.This is your chance to own a home for what you’re paying in rent today. This welcoming home offers comfort, privacy, and the kind of potential that lets you build real sweat-equity over time. Step inside to vaulted ceilings and skylights that fill the home with natural light. The newer furnace and AC keep things comfortable year-round, and the separate laundry room with space to drop shoes and coats makes everyday living easier. With three bedrooms and two full baths, everyone gets their own space. The private primary suite, set apart from the other bedrooms, gives you a quiet retreat.Outside, you’ll find a wood deck perfect for relaxing, a fenced yard for pets or play, and a roomy storage shed for tools, bikes, or hobbies. There’s even RV storage available for a small monthly fee and up to three-car tandem off-street parking.The neighborhood is peaceful, yet close to everything you need. Major roads and I-5 are just minutes away, making shopping and commuting simple. And when you want to unwind, Royal Oaks Park is nearby with playgrounds, open fields, picnic spots, dog-walking paths, and biking areas. This home gives you freedom of ownership at a price that’s hard to find. Homes like this don’t come around often. Check out this opportunity while you can.
-
2021-11-19soldstatus $97,000 Sold 279-char remark
Show marketing remark (279 chars)
Cozy home with Vaulted ceilings, Skylights, gas range, updated bathrooms, Newer roof (2020), water heater (2015) new duct work, backyard deck, carport, nice backyard with a shed, low maintenance and easy access to I-5. A Must See!(All ages park) Windstone Village Mobile HM Park.
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2021-10-18historical Active under Contract 279-char remark
Show marketing remark (279 chars)
Cozy home with Vaulted ceilings, Skylights, gas range, updated bathrooms, Newer roof (2020), water heater (2015) new duct work, backyard deck, carport, nice backyard with a shed, low maintenance and easy access to I-5. A Must See!(All ages park) Windstone Village Mobile HM Park.
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2021-10-08$97,000 Active 279-char remark
Show marketing remark (279 chars)
Cozy home with Vaulted ceilings, Skylights, gas range, updated bathrooms, Newer roof (2020), water heater (2015) new duct work, backyard deck, carport, nice backyard with a shed, low maintenance and easy access to I-5. A Must See!(All ages park) Windstone Village Mobile HM Park.
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2020-03-09soldstatus $59,500 Sold
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2020-03-02status Pending
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2020-01-11price $63,500
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2019-12-20status Active
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2019-12-11historical Active under Contract
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2019-11-30price $66,000
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2019-10-25$69,000 Active
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast OR · Resets to sale price
- Current annual tax
- $1,023 · $85/mo
- Projected year-2 tax
- $1,066 · $89/mo
- Expected delta
- +$43/yr (+$4/mo · 4.2%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 2/10 Low
- Heat 4/10 Moderate 7 d/yr ≥92°F today · 14 d/yr by 30 yrs out
- Wind 1/10 Low
- Air quality 9/10 Extreme 12 unhealthy d/yr today · 13 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $19,571
- − Mortgage interest
- −$6,156
- − Property taxes
- −$1,023
- − Insurance
- −$550
- − Repairs & maintenance
- −$1,566
- − Management
- −$1,566
- − Depreciation
- −$3,197
- Taxable income
- $5,514
- Est. tax owed @ 24.0%
- −$1,323
- After-tax cash flow
- $5,649/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Salem-Keizer SD 24J
- NCES district ID
- 4110820
- Math proficiency
- 34% ▼ -1.00%
- Reading proficiency
- 47% ▼ -2.00%
- Median HH income
- $48,632
- Composite
- 37.16/100
- National rank
- #9017
- State rank
- #103 of 183 in OR
Livability — Salem
- Score
- 79/100
- State rank
- #59
- US rank
- #2084
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Salem, OR
- County
- Marion County · 258,219 people
- City population
- 193,601
- Metro
- Salem, OR
- Population (ZIP)
- 57,574
- Household income
- $60,422
- Rent vs Own
- Severe rent burden
- 3089.0
Population outlook (Marion County) Hauer SSP2
- Today (2025)
- 360,940 people
- By 2030
- 375,178 · +3.9%
- By 2040
- 400,914 · +11.1%
- By 2050
- 422,187 · +17.0%
- By 2075
- 460,305 · +27.5%
- By 2100
- 464,025 · +28.6%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.58)
- Race & ethnicity
- White 55% Hispanic / Latino 35% Two or more races 19% Asian 2% Black 2% Native American 1% Pacific Islander 1%
- Hispanic origin (detail)
- Mexican 31%
- Common ancestry
- Italian 4% Portuguese 2% Lithuanian 2%
- Foreign-born
- 17% · Canada, China, Philippines
- Languages at home
- 68% English-only · Spanish 27% Other Asian/Pacific 1% Russian/Polish/Slavic 1%
Political lean MEDSL · Marion
- 2024 margin
- Toss-up / Even · D 47.5% · R 49.5% · Other 3.0%
- 2008→2024 swing
- -4.2pp toward R · 2008: 2.2pp · 2024: -2.0pp
- All cycles
- 2024: R+2.0 2020: D+1.1 2016: R+5.0 2012: R+3.5 2008: D+2.2
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -548.17%
- Current HPI
- 335.8199
- Rent YoY
- ▼ -0.70%
- Metro
- Salem, OR
- State GDP YoY
- ▲ 2.05%
- F500 in state
- 2
Industry mix (Fortune 500 HQ in OR)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Consumer Goods | 1 | $51B |
|
||
Price history
+59.3% since first listed14 events — show timeline
- 2026-05-07 Price Changed $109,900 WVMLS
- 2026-05-06 Relisted — WVMLS
- 2026-04-25 Contingent — WVMLS
- 2026-03-18 Listed $114,900 WVMLS
- 2021-11-19 Sold (MLS) $97,000 WVMLS
- 2021-10-18 Contingent — WVMLS
- 2021-10-08 Listed $97,000 WVMLS
- 2020-03-09 Sold (MLS) $59,500 WVMLS
- 2020-03-02 Pending — WVMLS
- 2020-01-11 Price Changed $63,500 WVMLS
- 2019-12-20 Relisted — WVMLS
- 2019-12-11 Contingent — WVMLS
- 2019-11-30 Price Changed $66,000 WVMLS
- 2019-10-25 Listed $69,000 WVMLS
Property tax history
+2.6%/yrLatest (2025): $1,023 · +7.7% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…