Salem, Oregon is a medium-sized city with a population of 161,975 people. With a population density of 3,335 people per square mile, Salem is well above the nation's average density level. At 81%, the majority of the Salem population is White; this is followed by 3% Asian and 1% Black. If you are looking for a family friendly city, Salem might be a good fit as 72% of the population over 15 years old are married, and 55% have kids who are 18 years old or younger.
If you’re considering moving to any new city, it could be a very intimidating task. However, it could also be a great experience if you are willing to get to know the city before actually living in Salem, Oregon. Using the livability score which includes data from categories like amenities, crime, cost of living, housing, you can easily compare the best places to live in Salem and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Salem to Oregon and the national average.
Salem, OR receives 73 out of 100 for its livability score; this results in a ranking of #61 in Oregon and #7,154 in the USA. If we examine each of the categories individually, we see that Salem ranks well for amenities (A+) and housing (B). There is at least one category that you should be aware of in Salem. The following was graded with a discouraging score: crime (D), cost of living (D) and employment (D-).
Based on the proximity of local amenities like grocery stores, restaurants, coffee shops, parks, librairies, etc., Salem has received a higher than average score for its local amenities. If you’re planning on relocating and making this area your permanent home, it’s nice to know that there is an ample amount of amenities and things to do within walking distance or a short drive. Here are some of the more popular things to do in Salem: Enchanted Forest Theme Park, A.C. Gilbert's Discovery Village, and Oregon State Capitol.
Finding affordable real estate and apartments for rent in Salem can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are available, most people will need to know if the real estate in Salem is actually affordable. The median home price for Salem homes is $188,900, which is 23.6% lower than the Oregon average. If we take a closer look at the affordability of homes in Salem, we’ll see that the home price to income ratio is 3.9, which is 15.2% lower than the Oregon average. Purchasing your new home can come with many financial benefits, some of which are more lucrative than others. Perhaps the most notable benefit could be the appreciation of your new home. Home appreciation rates are a good way to generate tax-free equity on a long term basis. The year over year appreciation rates in Salem were 11.7%, and the 5 year appreciation rates came in at 10.3%.