SALEM Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Salem averaged
7.26%
for the week of 2024-04-18, compared to the national average of
7.1% for the same period.
The average rate for the prior week (2024-04-11) was
6.64% and
one month ago for the week of 2024-03-14, the
average rate was 6.7%.
Salem's average rate one year ago was 6.33%.
For refis of the same type during the week of 2024-04-18, the average rate
was 7.37%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-04-18 | 7.1% |
| Salem 30 Year Fixed Rate | 2024-04-18 | 7.26% |
| Salem 30 Year Fixed Rate Refi | 2024-04-18 | 7.37% |
| Salem 15 Year Fixed Rate | 2024-04-18 | 6.39% |
| Salem 15 Year Fixed Rate Refi | 2024-04-18 | 6.79% |
| Salem 30 Year FHA | 2024-04-18 | 6.64% |
| Salem 30 Year FHA Refi | 2024-04-18 | 6.96% |
| Salem 30 Year USDA | 2024-04-18 | 6.76% |
| Salem 30 Year USDA Refi | 2024-04-18 | 6.86% |
| Salem 30 Year VA | 2024-04-18 | 6.63% |
| Salem 30 Year VA Refi | 2024-04-18 | 6.96% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within SALEM, OR.
SALEM Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the SALEM, OR market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
SALEM Average Closing Costs & Other Stats
SALEM, OR's 187 lenders originated 7,155
loans during 2023. The total origination value was $2,051,065,000, with an average loan value of
$286,662.
SALEM's average closing costs are $6,447.
The top SALEM lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
206 loans originated. Their average total fees are
$9,617, which is $603
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee SALEM lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($3,595), MARION AND POLK SCHOOLS CREDIT UNION ($4,569), Wells Fargo Bank ($4,767), NBKC BANK ($4,795) and JPMorgan Chase Bank ($4,854).
The lowest rate SALEM lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.91%), EAGLE HOME MORTGAGE, LLC (6.13%), V.I.P. MORTGAGE, INC. (6.37%), Washington Federal Bank (6.40%) and Wells Fargo Bank (6.41%).
SALEM, OR Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $152,855,000 | $145,320,000 | -4.9% | 7.1% |
| GUILD MORTGAGE COMPANY | $127,915,000 | $111,280,000 | -13.0% | 5.4% |
| MARION AND POLK SCHOOLS CREDIT UNION | $126,185,000 | $102,015,000 | -19.2% | 5.0% |
| QUICKEN LOANS, LLC | $177,880,000 | $96,480,000 | -45.8% | 4.7% |
| S1L, Inc. | $72,815,000 | $50,900,000 | -30.1% | 2.5% |
| Umpqua Bank | $131,415,000 | $50,500,000 | -61.6% | 2.5% |
| NEWREZ LLC | $15,285,000 | $46,395,000 | 203.5% | 2.3% |
| OnPoint Community Credit Union | $57,615,000 | $45,945,000 | -20.3% | 2.2% |
| U.S. Bank | $82,390,000 | $45,655,000 | -44.6% | 2.2% |
| DHI MORTGAGE COMPANY, LTD. | $63,075,000 | $41,970,000 | -33.5% | 2.0% |
| NATIONS DIRECT MORTGAGE, LLC | $49,670,000 | $41,385,000 | -16.7% | 2.0% |
| LPMC, LLC | $65,715,000 | $34,600,000 | -47.3% | 1.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $71,515,000 | $32,995,000 | -53.9% | 1.6% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $64,145,000 | $32,635,000 | -49.1% | 1.6% |
| PLAZA HOME MORTGAGE, INC. | $41,260,000 | $29,480,000 | -28.6% | 1.4% |
| ACADEMY MORTGAGE CORPORATION | $55,840,000 | $28,555,000 | -48.9% | 1.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $23,295,000 | $27,980,000 | 20.1% | 1.4% |
| GUARANTEED RATE, INC. | $20,465,000 | $27,345,000 | 33.6% | 1.3% |
| M&T Realty Capital Corporation | $6,105,000 | $26,415,000 | 332.7% | 1.3% |
| Willamette Valley Bank | $35,895,000 | $25,585,000 | -28.7% | 1.2% |
| MANN FINANCIAL INC. | $18,790,000 | $23,385,000 | 24.5% | 1.1% |
| PENNYMAC LOAN SERVICES, LLC | $51,020,000 | $22,940,000 | -55.0% | 1.1% |
| Oregon State Credit Union | $24,435,000 | $22,320,000 | -8.7% | 1.1% |
| CMG MORTGAGE, INC. | $16,390,000 | $22,275,000 | 35.9% | 1.1% |
| JPMorgan Chase Bank | $58,220,000 | $20,785,000 | -64.3% | 1.0% |
| MOVEMENT MORTGAGE, LLC | $35,640,000 | $20,295,000 | -43.1% | 1.0% |
| LOANDEPOT.COM, LLC | $77,060,000 | $19,725,000 | -74.4% | 1.0% |
| FIRST TECHNOLOGY | $46,120,000 | $19,545,000 | -57.6% | 1.0% |
| CHURCHILL MORTGAGE CORPORATION | $50,555,000 | $18,995,000 | -62.4% | 0.9% |
| EAGLE HOME MORTGAGE, LLC | $16,635,000 | $18,745,000 | 12.7% | 0.9% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $46,535,000 | $18,720,000 | -59.8% | 0.9% |
| Mortgage Research Center, LLC | $29,540,000 | $18,585,000 | -37.1% | 0.9% |
| OREGON COMMUNITY | $42,110,000 | $18,415,000 | -56.3% | 0.9% |
| KeyBank | $70,855,000 | $17,970,000 | -74.6% | 0.9% |
| MORTGAGE EXPRESS, LLC | $23,690,000 | $17,175,000 | -27.5% | 0.8% |
| Banner Bank | $38,965,000 | $17,005,000 | -56.4% | 0.8% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $21,250,000 | $16,235,000 | -23.6% | 0.8% |
| Heritage Bank | $15,505,000 | n/a | 0.8% | |
| DIRECTORS MORTGAGE, INC. | $16,215,000 | $15,090,000 | -6.9% | 0.7% |
| Flagstar Bank, FSB | $33,355,000 | $14,350,000 | -57.0% | 0.7% |
| SELCO COMMUNITY | $12,285,000 | $14,280,000 | 16.2% | 0.7% |
| Wells Fargo Bank | $76,465,000 | $13,810,000 | -81.9% | 0.7% |
| Bank of America | $15,235,000 | $13,255,000 | -13.0% | 0.6% |
| CALIBER HOME LOANS, INC. | $164,840,000 | $12,830,000 | -92.2% | 0.6% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $51,470,000 | $12,225,000 | -76.2% | 0.6% |
| SUMMIT FUNDING, INC. | $11,755,000 | $12,090,000 | 2.8% | 0.6% |
| Sierra Pacific Mortgage Company, Inc. | $16,085,000 | $11,470,000 | -28.7% | 0.6% |
| BROKER SOLUTIONS, INC. | $23,055,000 | $11,400,000 | -50.6% | 0.6% |
| Washington Federal Bank | $79,225,000 | $11,095,000 | -86.0% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $11,780,000 | $10,695,000 | -9.2% | 0.5% |
| Unitus Community Credit Union | $24,170,000 | $9,915,000 | -59.0% | 0.5% |
| Century Mortgage Company DBA Century Lending Company | $9,560,000 | n/a | 0.5% | |
| BAY EQUITY LLC | $4,415,000 | $9,435,000 | 113.7% | 0.5% |
| PANORAMA MORTGAGE GROUP, LLC | $7,325,000 | $9,265,000 | 26.5% | 0.5% |
| CANOPY MORTGAGE, LLC | $18,160,000 | $9,125,000 | -49.8% | 0.4% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $6,330,000 | $8,855,000 | 39.9% | 0.4% |
| TWINSTAR | $100,000 | $8,750,000 | 8,650.0% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $37,760,000 | $8,680,000 | -77.0% | 0.4% |
| CBRE MULTIFAMILY CAPITAL, INC. | $18,015,000 | $8,445,000 | -53.1% | 0.4% |
| People's Bank of Commerce | $39,450,000 | $8,090,000 | -79.5% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $25,960,000 | $7,740,000 | -70.2% | 0.4% |
| TRIAD FINANCIAL SERVICES, INC. | $5,760,000 | $7,500,000 | 30.2% | 0.4% |
| iQ Credit Union | $25,100,000 | $7,385,000 | -70.6% | 0.4% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $4,410,000 | $7,130,000 | 61.7% | 0.3% |
| UNION HOME MORTGAGE CORP. | $6,935,000 | n/a | 0.3% | |
| Pioneer Trust Bank, N.A. | $6,910,000 | n/a | 0.3% | |
| GENEVA FINANCIAL, LLC | $19,165,000 | $6,490,000 | -66.1% | 0.3% |
| SUCCESS MORTGAGE PARTNERS, INC. | $6,480,000 | n/a | 0.3% | |
| First National Bank of America | $2,645,000 | $6,200,000 | 134.4% | 0.3% |
| The Federal Savings Bank | $5,425,000 | $6,130,000 | 13.0% | 0.3% |
| BERKELEY POINT CAPITAL LLC | $5,995,000 | n/a | 0.3% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $7,910,000 | $5,935,000 | -25.0% | 0.3% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,025,000 | $5,620,000 | 448.3% | 0.3% |
| AMERICAN FINANCIAL NETWORK, INC. | $5,600,000 | n/a | 0.3% | |
| GREYSTONE SERVICING COMPANY LLC | $3,125,000 | $5,570,000 | 78.2% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $17,490,000 | $5,550,000 | -68.3% | 0.3% |
| Northwest Farm Credit Services, FLCA | $12,075,000 | $5,410,000 | -55.2% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $10,410,000 | $5,250,000 | -49.6% | 0.3% |
| V.I.P. MORTGAGE, INC. | $2,770,000 | $5,150,000 | 85.9% | 0.3% |
| Discover Bank | $2,310,000 | $5,095,000 | 120.6% | 0.2% |
| American Mortgage & Equity Consultants, Inc. | $5,025,000 | n/a | 0.2% | |
| NBKC BANK | $8,375,000 | $4,670,000 | -44.2% | 0.2% |
| DAS Acquisition Company, LLC | $4,580,000 | n/a | 0.2% | |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $5,270,000 | $4,505,000 | -14.5% | 0.2% |
| CARDINAL FINANCIAL | $12,415,000 | $4,490,000 | -63.8% | 0.2% |
| Prosperity Home Mortgage, LLC | $1,845,000 | $4,410,000 | 139.0% | 0.2% |
| EVERETT FINANCIAL, INC. | $3,865,000 | $4,260,000 | 10.2% | 0.2% |
| ENVOY MORTGAGE, LTD | $2,725,000 | $4,145,000 | 52.1% | 0.2% |
| FINANCE OF AMERICA REVERSE LLC | $4,365,000 | $3,965,000 | -9.2% | 0.2% |
| Bank of the Pacific | $7,150,000 | $3,960,000 | -44.6% | 0.2% |
| Commerce Home Mortgage, Inc. | $19,215,000 | $3,530,000 | -81.6% | 0.2% |
| SUMMIT MORTGAGE CORPORATION | $5,365,000 | $3,515,000 | -34.5% | 0.2% |
| Citadel Servicing Corporation | $1,370,000 | $3,510,000 | 156.2% | 0.2% |
| HomeStreet Bank | $11,945,000 | $3,270,000 | -72.6% | 0.2% |
| OCMBC, INC. | $3,005,000 | $3,240,000 | 7.8% | 0.2% |
| ADVANTIS | $8,720,000 | $3,200,000 | -63.3% | 0.2% |
| BETTER MORTGAGE CORPORATION | $10,295,000 | $3,165,000 | -69.3% | 0.2% |
| Pacific Premier Bank | $5,290,000 | $3,160,000 | -40.3% | 0.2% |
| Gallic & Johnson, LLC | $2,075,000 | $3,115,000 | 50.1% | 0.2% |
| ONY GLO, INC. | $610,000 | $3,020,000 | 395.1% | 0.1% |
| Figure Lending LLC | $2,875,000 | $2,890,000 | 0.5% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $1,605,000 | $2,885,000 | 79.8% | 0.1% |
| The Huntington National Bank | $1,400,000 | $2,825,000 | 101.8% | 0.1% |
| MOUNTAIN AMERICA | $2,630,000 | $2,795,000 | 6.3% | 0.1% |
| FIRST COMMUNITY | $1,900,000 | $2,790,000 | 46.8% | 0.1% |
| Merchants Mortgage & Trust Corporation | $925,000 | $2,755,000 | 197.8% | 0.1% |
| Rivermark Community Credit Union | $10,735,000 | $2,755,000 | -74.3% | 0.1% |
| Loan Simple, Inc. | $1,315,000 | $2,745,000 | 108.7% | 0.1% |
| HomeTrust Bank | $655,000 | $2,735,000 | 317.6% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $5,090,000 | $2,705,000 | -46.9% | 0.1% |
| LENDSURE MORTGAGE CORP. | $2,260,000 | $2,655,000 | 17.5% | 0.1% |
| First Federal | $4,150,000 | $2,645,000 | -36.3% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $3,470,000 | $2,590,000 | -25.4% | 0.1% |
| PHH Mortgage Corporation | $2,970,000 | $2,555,000 | -14.0% | 0.1% |
| ROGUE | $1,290,000 | $2,550,000 | 97.7% | 0.1% |
| SAMMAMISH MORTGAGE COMPANY | $1,575,000 | $2,545,000 | 61.6% | 0.1% |
| Equity Prime Mortgage LLC | $860,000 | $2,505,000 | 191.3% | 0.1% |
| USAA Federal Savings Bank | $8,780,000 | $2,495,000 | -71.6% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $5,670,000 | $2,430,000 | -57.1% | 0.1% |
| First Interstate Bank | $4,440,000 | $2,365,000 | -46.7% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $3,070,000 | $2,315,000 | -24.6% | 0.1% |
| Morgan Stanley Private Bank | $10,050,000 | $2,280,000 | -77.3% | 0.1% |
| BMO Harris Bank | $2,250,000 | n/a | 0.1% | |
| iCore Lending, Inc. | $2,235,000 | n/a | 0.1% | |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $2,235,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $13,325,000 | $2,160,000 | -83.8% | 0.1% |
| PLANET HOME LENDING, LLC | $1,950,000 | $2,130,000 | 9.2% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $6,310,000 | $2,110,000 | -66.6% | 0.1% |
| Coastal Community Bank | $2,105,000 | n/a | 0.1% | |
| 21ST MORTGAGE CORPORATION | $2,140,000 | $2,090,000 | -2.3% | 0.1% |
| GUIDANCE RESIDENTIAL, LLC | $980,000 | $2,060,000 | 110.2% | 0.1% |
| Carrington Mortgage Services, LLC | $4,850,000 | $1,985,000 | -59.1% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $8,660,000 | $1,980,000 | -77.1% | 0.1% |
| HERITAGE GROVE Federal Credit Union | $6,490,000 | $1,955,000 | -69.9% | 0.1% |
| Clackamas County Bank | $1,950,000 | n/a | 0.1% | |
| Plains Commerce Bank | $245,000 | $1,915,000 | 681.6% | 0.1% |
| RANLIFE, INC. | $2,015,000 | $1,885,000 | -6.5% | 0.1% |
| PRIORITY HOME LENDING, LLC | $1,950,000 | $1,865,000 | -4.4% | 0.1% |
| ZILLOW HOME LOANS, LLC | $1,665,000 | $1,865,000 | 12.0% | 0.1% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $5,580,000 | $1,790,000 | -67.9% | 0.1% |
| Bank of England | $3,425,000 | $1,785,000 | -47.9% | 0.1% |
| LOANPAL, LLC | $3,775,000 | $1,755,000 | -53.5% | 0.1% |
| NFM, INC. | $1,310,000 | $1,755,000 | 34.0% | 0.1% |
| Summit Mortgage Corporation | $5,495,000 | $1,755,000 | -68.1% | 0.1% |
| LADERA LENDING, INC. | $2,435,000 | $1,750,000 | -28.1% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $2,655,000 | $1,715,000 | -35.4% | 0.1% |
| CENTRAL WILLAMETTE Credit Union | $2,370,000 | $1,665,000 | -29.7% | 0.1% |
| Waterstone Mortgage Corporation | $275,000 | $1,580,000 | 474.5% | 0.1% |
| Nations Lending Corporation | $3,835,000 | $1,560,000 | -59.3% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $735,000 | $1,540,000 | 109.5% | 0.1% |
| PacWest Funding Inc. | $9,510,000 | $1,525,000 | -84.0% | 0.1% |
| ON Q FINANCIAL, INC. | $1,115,000 | $1,500,000 | 34.5% | 0.1% |
| ALLIANT CREDIT UNION | $3,780,000 | $1,475,000 | -61.0% | 0.1% |
| Stifel Bank and Trust | $655,000 | $1,475,000 | 125.2% | 0.1% |
| Franklin Loan Corporation | $1,035,000 | $1,460,000 | 41.1% | 0.1% |
| VERITAS FUNDING, LLC | $1,490,000 | $1,455,000 | -2.3% | 0.1% |
| NP, Inc. | $1,450,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $5,185,000 | $1,440,000 | -72.2% | 0.1% |
| NEXERA HOLDING LLC | $1,420,000 | n/a | 0.1% | |
| LENDINGHOME FUNDING CORPORATION | $2,205,000 | $1,415,000 | -35.8% | 0.1% |
| The Loan Store, Inc. | $1,360,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $2,855,000 | $1,325,000 | -53.6% | 0.1% |
| Boeing Employees Credit Union | $1,545,000 | $1,305,000 | -15.5% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,640,000 | $1,300,000 | -20.7% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $1,290,000 | n/a | 0.1% | |
| LEADERONE FINANCIAL CORPORATION | $3,630,000 | $1,285,000 | -64.6% | 0.1% |
| AmeriHome Mortgage Company, LLC | $1,140,000 | $1,220,000 | 7.0% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $1,940,000 | $1,200,000 | -38.1% | 0.1% |
| First Federal Bank | $565,000 | $1,185,000 | 109.7% | 0.1% |
| NEW DAY FINANCIAL, LLC | $3,580,000 | $1,175,000 | -67.2% | 0.1% |
| Chicago Mortgage Solutions LLC | $105,000 | $1,145,000 | 990.5% | 0.1% |
| Consolidated Federal Credit Union | $2,170,000 | $1,095,000 | -49.5% | 0.1% |
| MidFirst Bank | $1,095,000 | n/a | 0.1% | |
| Clackamas Federal Credit Union | $11,085,000 | $1,060,000 | -90.4% | 0.1% |
| CHERRY CREEK MORTGAGE, LLC | $5,015,000 | $1,050,000 | -79.1% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $2,895,000 | $1,015,000 | -64.9% | 0.0% |
| PREMIA MORTGAGE, LLC | $1,000,000 | $960,000 | -4.0% | 0.0% |
| ARC HOME LLC | $640,000 | $950,000 | 48.4% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $580,000 | $890,000 | 53.4% | 0.0% |
| Bethpage Federal Credit Union | $875,000 | n/a | 0.0% | |
| City National Bank | $460,000 | $860,000 | 87.0% | 0.0% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $860,000 | n/a | 0.0% | |
| TOWNE MORTGAGE COMPANY | $850,000 | n/a | 0.0% | |
| AMCAP MORTGAGE, LTD. | $1,895,000 | $805,000 | -57.5% | 0.0% |
| PNC Bank | $3,120,000 | $795,000 | -74.5% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $885,000 | $775,000 | -12.4% | 0.0% |
| HOMEXPRESS MORTGAGE CORP. | $1,715,000 | $765,000 | -55.4% | 0.0% |
| AXIA FINANCIAL, LLC | $2,265,000 | $760,000 | -66.4% | 0.0% |
| BAY-VALLEY MORTGAGE GROUP | $760,000 | n/a | 0.0% | |
| 1st Security Bank of Washington | $2,675,000 | $755,000 | -71.8% | 0.0% |
| Hometown Equity Mortgage, LLC | $645,000 | $720,000 | 11.6% | 0.0% |
| FAY SERVICING, LLC | $1,330,000 | $715,000 | -46.2% | 0.0% |
| Axos Bank | $940,000 | $700,000 | -25.5% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $675,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $660,000 | n/a | 0.0% | |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $835,000 | $655,000 | -21.6% | 0.0% |
| Heritage Bank | $655,000 | n/a | 0.0% | |
| Cornerstone First Mortgage, Inc | $1,235,000 | $620,000 | -49.8% | 0.0% |
| RESIDENTIAL MORTGAGE, LLC | $610,000 | n/a | 0.0% | |
| UBS Bank USA | $1,210,000 | $605,000 | -50.0% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $590,000 | n/a | 0.0% | |
| Ally Bank | $2,290,000 | $585,000 | -74.5% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $585,000 | n/a | 0.0% | |
| NexBank | $505,000 | $580,000 | 14.9% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $2,775,000 | $580,000 | -79.1% | 0.0% |
| JMJ FINANCIAL GROUP | $575,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $575,000 | n/a | 0.0% | |
| CLEARPATH LENDING | $1,735,000 | $570,000 | -67.1% | 0.0% |
| FOUNDATION MORTGAGE CORPORATION | $570,000 | n/a | 0.0% | |
| Bryant Bank | $555,000 | n/a | 0.0% | |
| Magnolia Bank | $2,425,000 | $550,000 | -77.3% | 0.0% |
| MOUNTAIN WEST FINANCIAL, INC. | $520,000 | n/a | 0.0% | |
| Sunflower Bank | $505,000 | $520,000 | 3.0% | 0.0% |
| SIRVA MORTGAGE, INC. | $435,000 | $515,000 | 18.4% | 0.0% |
| OREGONIANS CREDIT UNION | $1,075,000 | $500,000 | -53.5% | 0.0% |
| A&D Mortgage LLC | $255,000 | $495,000 | 94.1% | 0.0% |
| JLB CORPORATION | $1,650,000 | $480,000 | -70.9% | 0.0% |
| North American Savings Bank, F.S.B. | $3,085,000 | $470,000 | -84.8% | 0.0% |
| LIMA ONE CAPITAL, LLC | $465,000 | n/a | 0.0% | |
| TruHome Solutions, LLC | $1,395,000 | $465,000 | -66.7% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $2,650,000 | $450,000 | -83.0% | 0.0% |
| SECURITY HOME MORTGAGE, LLC. | $435,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $415,000 | n/a | 0.0% | |
| HIWAY | $395,000 | n/a | 0.0% | |
| NBH Bank | $460,000 | $395,000 | -14.1% | 0.0% |
| Florida Capital Bank | $385,000 | n/a | 0.0% | |
| DIGITAL Federal Credit Union | $370,000 | n/a | 0.0% | |
| First Bank | $365,000 | n/a | 0.0% | |
| Greenbox Loans, Inc. | $235,000 | $365,000 | 55.3% | 0.0% |
| MYCUMORTGAGE, LLC | $385,000 | $365,000 | -5.2% | 0.0% |
| Old National Bank | $365,000 | n/a | 0.0% | |
| COLUMBIA COMMUNITY CREDIT UNION | $2,375,000 | $360,000 | -84.8% | 0.0% |
| Keystone Funding, Inc. | $355,000 | n/a | 0.0% | |
| NMSI, INC. | $55,000 | $355,000 | 545.5% | 0.0% |
| Ameris Bank | $345,000 | n/a | 0.0% | |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $345,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $445,000 | $345,000 | -22.5% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $345,000 | n/a | 0.0% | |
| United Nations Federal Credit Union | $345,000 | n/a | 0.0% | |
| Washington Trust Bank | $920,000 | $345,000 | -62.5% | 0.0% |
| CASTPARTS EMPLOYEES | $335,000 | n/a | 0.0% | |
| LENOX FINANCIAL MORTGAGE CORPORATION | $540,000 | $335,000 | -38.0% | 0.0% |
| Amalgamated Bank | $325,000 | n/a | 0.0% | |
| American State Bank | $325,000 | n/a | 0.0% | |
| CORNERSTONE HOME LENDING, INC. | $375,000 | $325,000 | -13.3% | 0.0% |
| ENCORE BANK | $325,000 | n/a | 0.0% | |
| MLD MORTGAGE INC. | $1,070,000 | $305,000 | -71.5% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $790,000 | $305,000 | -61.4% | 0.0% |
| FIBRE FEDERAL CREDIT UNION | $1,425,000 | $290,000 | -79.6% | 0.0% |
| GEORGIA'S OWN | $230,000 | $285,000 | 23.9% | 0.0% |
| Northpointe Bank | $2,610,000 | $285,000 | -89.1% | 0.0% |
| PENRITH HOME LOANS LLC | $395,000 | $285,000 | -27.8% | 0.0% |
| IDAHO CENTRAL | $275,000 | n/a | 0.0% | |
| INTERNATIONAL CITY MORTGAGE, INC. | $275,000 | n/a | 0.0% | |
| University Bank | $270,000 | n/a | 0.0% | |
| Alaska USA Federal Credit Union | $160,000 | $260,000 | 62.5% | 0.0% |
| DIGNIFIED HOME LOANS, LLC | $1,290,000 | $255,000 | -80.2% | 0.0% |
| Connexus Credit Union | $250,000 | n/a | 0.0% | |
| Oregon Pacific Banking Company | $245,000 | n/a | 0.0% | |
| Truist | $1,280,000 | $245,000 | -80.9% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $3,930,000 | $235,000 | -94.0% | 0.0% |
| RED CANOE CREDIT UNION | $1,435,000 | $220,000 | -84.7% | 0.0% |
| COAST 2 COAST FUNDING GROUP, INC. | $205,000 | n/a | 0.0% | |
| M&T Bank | $310,000 | $205,000 | -33.9% | 0.0% |
| THRIVENT Federal Credit Union | $85,000 | $205,000 | 141.2% | 0.0% |
| Advisors Mortgage Group, L.L.C. | $225,000 | $165,000 | -26.7% | 0.0% |
| Ixonia Bank | $245,000 | $165,000 | -32.7% | 0.0% |
| OPEN MORTGAGE, LLC | $2,060,000 | $165,000 | -92.0% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $55,000 | $165,000 | 200.0% | 0.0% |
| WINGS FINANCIAL | $445,000 | $165,000 | -62.9% | 0.0% |
| CANVAS CREDIT UNION | $155,000 | n/a | 0.0% | |
| UNITED | $155,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $670,000 | $135,000 | -79.9% | 0.0% |
| SECURITYNATIONAL MORTGAGE COMPANY | $1,785,000 | $135,000 | -92.4% | 0.0% |
| HighTechLending Inc | $185,000 | $125,000 | -32.4% | 0.0% |
| RESIDENTIAL BANCORP | $935,000 | $125,000 | -86.6% | 0.0% |
| America's Credit Union | $105,000 | $120,000 | 14.3% | 0.0% |
| GREENWOOD | $115,000 | n/a | 0.0% | |
| Mid Oregon Federal Credit Union | $105,000 | n/a | 0.0% | |
| WASHINGTON STATE EMPLOYEES Credit Union | $120,000 | $100,000 | -16.7% | 0.0% |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $15,000 | $80,000 | 433.3% | 0.0% |
| Firefighters First Federal Credit Union | $55,000 | n/a | 0.0% | |
| HOMESIDE FINANCIAL, LLC | $2,965,000 | $55,000 | -98.1% | 0.0% |
| Baxter Credit Union | $490,000 | $25,000 | -94.9% | 0.0% |
SALEM's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 7.1% market share. In second place, with 5.4%, is GUILD MORTGAGE COMPANY, having originated $111,280,000 in loans. In third place, with 5.0%, is MARION AND POLK SCHOOLS CREDIT UNION, having originated $102,015,000 in loans. In fourth place, with 4.7%, is QUICKEN LOANS, LLC, having originated $96,480,000 in loans. In fifth place, with 2.5%, is S1L, Inc., having originated $50,900,000 in loans.
SALEM Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - SALEM (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $377,425 (36.6%) | $492,987 (35.6%) | 1.40 | 714 |
| 2018-02-01 | $377,450 (34.3%) | $486,422 (32.0%) | 1.37 | 712 |
| 2018-03-01 | $374,900 (32.3%) | $478,838 (28.6%) | 1.32 | 740 |
| 2018-04-01 | $384,175 (30.2%) | $499,384 (29.3%) | 1.30 | 763 |
| 2018-05-01 | $389,450 (31.1%) | $496,079 (28.1%) | 1.30 | 857 |
| 2018-06-01 | $385,900 (29.8%) | $488,871 (29.3%) | 1.29 | 924 |
| 2018-07-01 | $394,700 (12.2%) | $487,251 (10.3%) | 1.32 | 978 |
| 2018-08-01 | $375,450 (5.3%) | $461,644 (2.0%) | 1.26 | 1,168 |
| 2018-09-01 | $369,900 (5.7%) | $450,427 (0.4%) | 1.24 | 1,235 |
| 2018-10-01 | $367,450 (0.0%) | $448,628 (-2.8%) | 1.24 | 1,236 |
| 2018-11-01 | $362,200 (-2.1%) | $438,794 (-6.5%) | 1.23 | 1,223 |
| 2018-12-01 | $364,900 (-3.1%) | $443,344 (-9.0%) | 1.26 | 1,130 |
| 2019-01-01 | $367,450 (-2.6%) | $440,820 (-10.6%) | 1.27 | 1,065 |
| 2019-02-01 | $362,450 (-4.0%) | $423,227 (-13.0%) | 1.22 | 1,025 |
| 2019-03-01 | $364,371 (-2.8%) | $423,621 (-11.5%) | 1.19 | 1,035 |
| 2019-04-01 | $365,000 (-5.0%) | $425,952 (-14.7%) | 1.16 | 1,063 |
| 2019-05-01 | $365,175 (-6.2%) | $429,796 (-13.4%) | 1.14 | 1,141 |
| 2019-06-01 | $365,000 (-5.4%) | $428,623 (-12.3%) | 1.14 | 1,253 |
| 2019-07-01 | $369,900 (-6.3%) | $429,676 (-11.8%) | 1.16 | 1,317 |
| 2019-08-01 | $373,609 (-0.5%) | $434,708 (-5.8%) | 1.18 | 1,299 |
| 2019-09-01 | $371,523 (0.4%) | $443,484 (-1.5%) | 1.19 | 1,288 |
| 2019-10-01 | $372,682 (1.4%) | $453,796 (1.2%) | 1.20 | 1,253 |
| 2019-11-01 | $380,450 (5.0%) | $462,231 (5.3%) | 1.25 | 1,126 |
| 2019-12-01 | $380,000 (4.1%) | $467,497 (5.5%) | 1.27 | 978 |
| 2020-01-01 | $387,475 (5.5%) | $474,112 (7.6%) | 1.29 | 852 |
| 2020-02-01 | $389,900 (7.6%) | $480,831 (13.6%) | 1.28 | 794 |
| 2020-03-01 | $404,975 (11.1%) | $501,706 (18.4%) | 1.27 | 770 |
| 2020-04-01 | $399,450 (9.4%) | $481,605 (13.1%) | 1.25 | 833 |
| 2020-05-01 | $414,900 (13.6%) | $503,742 (17.2%) | 1.26 | 767 |
| 2020-06-01 | $423,925 (16.1%) | $516,805 (20.6%) | 1.25 | 668 |
| 2020-07-01 | $429,450 (16.1%) | $532,956 (24.0%) | 1.24 | 632 |
| 2020-08-01 | $425,000 (13.8%) | $540,325 (24.3%) | 1.22 | 578 |
| 2020-09-01 | $438,075 (17.9%) | $553,802 (24.9%) | 1.26 | 496 |
| 2020-10-01 | $419,999 (12.7%) | $542,943 (19.6%) | 1.20 | 498 |
| 2020-11-01 | $429,900 (13.0%) | $559,831 (21.1%) | 1.26 | 418 |
| 2020-12-01 | $424,500 (11.7%) | $568,387 (21.6%) | 1.26 | 344 |
| 2021-01-01 | $444,500 (14.7%) | $608,697 (28.4%) | 1.33 | 294 |
| 2021-02-01 | $449,300 (15.2%) | $597,622 (24.3%) | 1.31 | 255 |
| 2021-03-01 | $427,400 (5.5%) | $569,909 (13.6%) | 1.21 | 275 |
| 2021-04-01 | $433,625 (8.6%) | $597,237 (24.0%) | 1.17 | 299 |
| 2021-05-01 | $450,000 (8.5%) | $572,892 (13.7%) | 1.20 | 355 |
| 2021-06-01 | $462,218 (9.0%) | $591,684 (14.5%) | 1.22 | 418 |
| 2021-07-01 | $449,950 (4.8%) | $597,008 (12.0%) | 1.19 | 509 |
| 2021-08-01 | $462,104 (8.7%) | $596,846 (10.5%) | 1.23 | 573 |
| 2021-09-01 | $463,500 (5.8%) | $619,073 (11.8%) | 1.24 | 625 |
| 2021-10-01 | $450,000 (7.1%) | $621,742 (14.5%) | 1.20 | 622 |
| 2021-11-01 | $454,475 (5.7%) | $633,856 (13.2%) | 1.21 | 530 |
| 2021-12-01 | $482,975 (13.8%) | $663,040 (16.7%) | 1.31 | 438 |
| 2022-01-01 | $496,475 (11.7%) | $730,178 (20.0%) | 1.34 | 345 |
| 2022-02-01 | $499,000 (11.1%) | $765,098 (28.0%) | 1.30 | 326 |
| 2022-03-01 | $509,950 (19.3%) | $744,159 (30.6%) | 1.28 | 348 |
| 2022-04-01 | $506,630 (16.8%) | $686,111 (14.9%) | 1.21 | 414 |
| 2022-05-01 | $509,998 (13.3%) | $660,496 (15.3%) | 1.17 | 503 |
| 2022-06-01 | $504,945 (9.2%) | $645,544 (9.1%) | 1.12 | 619 |
| 2022-07-01 | $499,900 (11.1%) | $617,545 (3.4%) | 1.13 | 815 |
| 2022-08-01 | $499,000 (8.0%) | $607,389 (1.8%) | 1.15 | 897 |
| 2022-09-01 | $497,000 (7.2%) | $604,679 (-2.3%) | 1.16 | 935 |
| 2022-10-01 | $489,225 (8.7%) | $567,286 (-8.8%) | 1.15 | 975 |
| 2022-11-01 | $484,945 (6.7%) | $570,383 (-10.0%) | 1.17 | 954 |
| 2022-12-01 | $489,000 (1.3%) | $589,835 (-11.0%) | 1.21 | 838 |
| 2023-01-01 | $491,998 (-0.9%) | $589,971 (-19.2%) | 1.22 | 727 |
| 2023-02-01 | $497,000 (-0.4%) | $596,657 (-22.0%) | 1.20 | 646 |
| 2023-03-01 | $500,724 (-1.8%) | $614,653 (-17.4%) | 1.18 | 642 |
| 2023-04-01 | $506,140 (-0.1%) | $627,086 (-8.6%) | 1.18 | 604 |
| 2023-05-01 | $507,450 (-0.5%) | $633,381 (-4.1%) | 1.15 | 639 |
| 2023-06-01 | $503,868 (-0.2%) | $621,945 (-3.7%) | 1.13 | 748 |
| 2023-07-01 | $525,000 (5.0%) | $631,180 (2.2%) | 1.19 | 819 |
| 2023-08-01 | $517,474 (3.7%) | $632,566 (4.2%) | 1.19 | 864 |
| 2023-09-01 | $495,000 (-0.4%) | $610,032 (0.9%) | 1.15 | 881 |
| 2023-10-01 | $489,450 (0.1%) | $606,533 (6.9%) | 1.15 | 905 |
| 2023-11-01 | $481,450 (-0.7%) | $603,261 (5.8%) | 1.15 | 875 |
| 2023-12-01 | $475,000 (-2.9%) | $599,052 (1.6%) | 1.16 | 809 |
| 2024-01-01 | $481,995 (-2.0%) | $611,083 (3.6%) | 1.18 | 728 |
| 2024-02-01 | $489,220 (-1.6%) | $614,220 (2.9%) | 1.18 | 684 |
| 2024-03-01 | $499,000 (-0.3%) | $625,846 (1.8%) | 1.17 | 712 |
SALEM's median listing price for 2024-03-01 was $499,000, a difference of
$-1,724
(-0.3%) versus the prior year and
$9,780 versus the prior month.
SALEM's median listing price comes in at 117% of the national average.
SALEM's average listing price for 2024-03-01 was $625,846, a difference of $11,193 (1.8%) versus the prior year and $11,626 versus the prior month.
For the 2024-03-01 period, SALEM had 712 MLS listings, a difference of 28 listings (4%) versus the prior month and 70 listings (11%) versus the prior year.
SALEM's median listing price comes in at 117% of the national average.
SALEM's average listing price for 2024-03-01 was $625,846, a difference of $11,193 (1.8%) versus the prior year and $11,626 versus the prior month.
For the 2024-03-01 period, SALEM had 712 MLS listings, a difference of 28 listings (4%) versus the prior month and 70 listings (11%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - SALEM (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 69 days | 2,099 sqft |
| 2018-02-01 | 53 days | 2,058 sqft |
| 2018-03-01 | 38 days | 2,032 sqft |
| 2018-04-01 | 39 days | 2,037 sqft |
| 2018-05-01 | 31 days | 2,070 sqft |
| 2018-06-01 | 33 days | 2,030 sqft |
| 2018-07-01 | 41 days | 2,079 sqft |
| 2018-08-01 | 36 days | 2,031 sqft |
| 2018-09-01 | 43 days | 1,994 sqft |
| 2018-10-01 | 55 days | 1,996 sqft |
| 2018-11-01 | 56 days | 1,968 sqft |
| 2018-12-01 | 66 days | 1,971 sqft |
| 2019-01-01 | 73 days | 1,949 sqft |
| 2019-02-01 | 55 days | 1,932 sqft |
| 2019-03-01 | 48 days | 1,956 sqft |
| 2019-04-01 | 45 days | 1,951 sqft |
| 2019-05-01 | 41 days | 1,928 sqft |
| 2019-06-01 | 37 days | 1,950 sqft |
| 2019-07-01 | 40 days | 1,955 sqft |
| 2019-08-01 | 45 days | 1,990 sqft |
| 2019-09-01 | 50 days | 1,999 sqft |
| 2019-10-01 | 52 days | 2,018 sqft |
| 2019-11-01 | 57 days | 2,027 sqft |
| 2019-12-01 | 68 days | 2,005 sqft |
| 2020-01-01 | 75 days | 1,993 sqft |
| 2020-02-01 | 67 days | 1,995 sqft |
| 2020-03-01 | 45 days | 2,023 sqft |
| 2020-04-01 | 46 days | 1,989 sqft |
| 2020-05-01 | 52 days | 2,076 sqft |
| 2020-06-01 | 45 days | 2,144 sqft |
| 2020-07-01 | 35 days | 2,157 sqft |
| 2020-08-01 | 33 days | 2,053 sqft |
| 2020-09-01 | 37 days | 2,097 sqft |
| 2020-10-01 | 38 days | 2,017 sqft |
| 2020-11-01 | 55 days | 2,029 sqft |
| 2020-12-01 | 57 days | 1,989 sqft |
| 2021-01-01 | 37 days | 2,084 sqft |
| 2021-02-01 | 30 days | 1,956 sqft |
| 2021-03-01 | 19 days | 1,873 sqft |
| 2021-04-01 | 19 days | 1,868 sqft |
| 2021-05-01 | 15 days | 1,880 sqft |
| 2021-06-01 | 18 days | 1,944 sqft |
| 2021-07-01 | 22 days | 1,933 sqft |
| 2021-08-01 | 24 days | 1,938 sqft |
| 2021-09-01 | 28 days | 1,907 sqft |
| 2021-10-01 | 31 days | 1,851 sqft |
| 2021-11-01 | 37 days | 1,872 sqft |
| 2021-12-01 | 44 days | 1,932 sqft |
| 2022-01-01 | 52 days | 1,952 sqft |
| 2022-02-01 | 28 days | 1,896 sqft |
| 2022-03-01 | 27 days | 1,908 sqft |
| 2022-04-01 | 22 days | 1,864 sqft |
| 2022-05-01 | 25 days | 1,912 sqft |
| 2022-06-01 | 23 days | 1,897 sqft |
| 2022-07-01 | 29 days | 1,855 sqft |
| 2022-08-01 | 36 days | 1,901 sqft |
| 2022-09-01 | 46 days | 1,899 sqft |
| 2022-10-01 | 48 days | 1,842 sqft |
| 2022-11-01 | 55 days | 1,812 sqft |
| 2022-12-01 | 71 days | 1,848 sqft |
| 2023-01-01 | 83 days | 1,846 sqft |
| 2023-02-01 | 84 days | 1,863 sqft |
| 2023-03-01 | 56 days | 1,890 sqft |
| 2023-04-01 | 50 days | 1,851 sqft |
| 2023-05-01 | 34 days | 1,871 sqft |
| 2023-06-01 | 33 days | 1,805 sqft |
| 2023-07-01 | 40 days | 1,865 sqft |
| 2023-08-01 | 45 days | 1,865 sqft |
| 2023-09-01 | 51 days | 1,824 sqft |
| 2023-10-01 | 55 days | 1,815 sqft |
| 2023-11-01 | 58 days | 1,790 sqft |
| 2023-12-01 | 71 days | 1,781 sqft |
| 2024-01-01 | 79 days | 1,733 sqft |
| 2024-02-01 | 73 days | 1,746 sqft |
| 2024-03-01 | 50 days | 1,815 sqft |
SALEM's median listing age (time on market) for 2024-03-01 was 50 days.
This
is -10%
shorter
than the same period one year ago.
SALEM's median square footage for active listings during the 2024-03-01 period was 1,815 sqft. One year prior, the average listing was 1,890 sqft.
SALEM's median square footage for active listings during the 2024-03-01 period was 1,815 sqft. One year prior, the average listing was 1,890 sqft.
SALEM, OR Average Rent (2023)
Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.
| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 97002 | Salem, OR MSA | $1,280 | $1,370 | $1,570 | $2,210 | $2,620 |
| 97020 | Salem, OR MSA | $1,310 | $1,390 | $1,770 | $2,520 | $2,900 |
| 97026 | Salem, OR MSA | $1,150 | $1,220 | $1,550 | $2,200 | $2,540 |
| 97032 | Salem, OR MSA | $1,280 | $1,370 | $1,570 | $2,210 | $2,620 |
| 97071 | Salem, OR MSA | $1,280 | $1,370 | $1,570 | $2,210 | $2,620 |
| 97101 | Salem, OR MSA | $1,310 | $1,400 | $1,630 | $2,290 | $2,650 |
| 97137 | Salem, OR MSA | $1,210 | $1,280 | $1,630 | $2,320 | $2,670 |
| 97301 | Salem, OR MSA | $880 | $940 | $1,190 | $1,690 | $1,950 |
| 97302 | Salem, OR MSA | $880 | $930 | $1,180 | $1,680 | $1,930 |
| 97303 | Salem, OR MSA | $920 | $970 | $1,240 | $1,760 | $2,030 |
| 97304 | Salem, OR MSA | $1,280 | $1,370 | $1,570 | $2,210 | $2,620 |
| 97305 | Salem, OR MSA | $880 | $930 | $1,180 | $1,680 | $1,930 |
| 97306 | Salem, OR MSA | $940 | $990 | $1,260 | $1,790 | $2,060 |
| 97307 | Salem, OR MSA | $920 | $970 | $1,240 | $1,760 | $2,030 |
| 97308 | Salem, OR MSA | $920 | $970 | $1,240 | $1,760 | $2,030 |
| 97309 | Salem, OR MSA | $920 | $970 | $1,240 | $1,760 | $2,030 |
| 97310 | Salem, OR MSA | $920 | $970 | $1,240 | $1,760 | $2,030 |
| 97317 | Salem, OR MSA | $1,060 | $1,120 | $1,430 | $2,030 | $2,340 |
| 97325 | Salem, OR MSA | $880 | $930 | $1,180 | $1,680 | $1,930 |
| 97326 | Salem, OR MSA | $1,110 | $1,160 | $1,430 | $2,030 | $2,410 |
| 97338 | Salem, OR MSA | $820 | $870 | $1,110 | $1,580 | $1,820 |
| 97342 | Salem, OR MSA | $770 | $800 | $1,020 | $1,450 | $1,750 |
| 97344 | Salem, OR MSA | $980 | $1,040 | $1,320 | $1,880 | $2,160 |
| 97346 | Salem, OR MSA | $770 | $800 | $1,030 | $1,450 | $1,750 |
| 97347 | Salem, OR MSA | $1,280 | $1,370 | $1,570 | $2,210 | $2,620 |
| 97350 | Salem, OR MSA | $1,360 | $1,480 | $1,880 | $2,620 | $3,040 |
| 97351 | Salem, OR MSA | $990 | $1,050 | $1,340 | $1,900 | $2,190 |
| 97352 | Salem, OR MSA | $950 | $1,010 | $1,280 | $1,820 | $2,090 |
| 97358 | Salem, OR MSA | $790 | $870 | $1,100 | $1,520 | $1,770 |
| 97360 | Salem, OR MSA | $860 | $950 | $1,200 | $1,660 | $1,930 |
| 97361 | Salem, OR MSA | $940 | $990 | $1,260 | $1,790 | $2,060 |
| 97362 | Salem, OR MSA | $1,280 | $1,370 | $1,570 | $2,210 | $2,620 |
| 97370 | Salem, OR MSA | $940 | $990 | $1,220 | $1,730 | $2,050 |
| 97371 | Salem, OR MSA | $1,020 | $1,090 | $1,350 | $1,920 | $2,210 |
| 97373 | Salem, OR MSA | $920 | $970 | $1,240 | $1,760 | $2,030 |
| 97375 | Salem, OR MSA | $1,420 | $1,510 | $1,900 | $2,690 | $3,100 |
| 97378 | Salem, OR MSA | $1,280 | $1,370 | $1,570 | $2,210 | $2,620 |
| 97381 | Salem, OR MSA | $930 | $980 | $1,250 | $1,780 | $2,040 |
| 97383 | Salem, OR MSA | $890 | $950 | $1,200 | $1,700 | $1,970 |
| 97384 | Salem, OR MSA | $860 | $930 | $1,170 | $1,650 | $1,910 |
| 97385 | Salem, OR MSA | $1,040 | $1,100 | $1,400 | $1,990 | $2,290 |
| 97392 | Salem, OR MSA | $990 | $1,050 | $1,330 | $1,890 | $2,180 |
| 97396 | Salem, OR MSA | $1,280 | $1,370 | $1,570 | $2,210 | $2,620 |
2022 Average & Median Rent Data Statistics
SALEM, OR average 1BR rent: $1,105, median: $1,010
SALEM, OR average 2BR rent: $1,367, median: $1,280
SALEM, OR average 3BR rent: $1,934, median: $1,820
SALEM, OR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 3,837 | $1,485,755,000 | $387,218 |
| Home Improvement | 1,127 | $104,825,000 | $93,012 |
| Other | 1,010 | $102,100,000 | $101,089 |
| Cash Out Refi | 818 | $216,190,000 | $264,291 |
| Refi | 362 | $132,190,000 | $365,166 |
| NA | 1 | $10,005,000 | $10,005,000 |
Salem's most frequently cited loan purpose was Home Purchase, with 3,837 originations. The 2nd most popular reason was Home Improvement, with 1,127 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 2,233 | $807,275,000 | $361,520 |
| Over 8% | 2,083 | $260,925,000 | $125,264 |
| 7-8% | 1,632 | $460,460,000 | $282,145 |
| 5-6% | 1,040 | $428,660,000 | $412,173 |
| 4-5% | 104 | $37,370,000 | $359,327 |
| <2.5% | 13 | $725,000 | $55,769 |
| 3-4% | 9 | $1,885,000 | $209,444 |
| 2.5-3% | 6 | $1,360,000 | $226,667 |
During 2023, Salem's most frequently originated rate bucket was 6-7%, with 2,233 originations.
Loan Sizing (SALEM, OR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,692 | $842,660,000 | $313,024 |
| $100,000 or less | 1,752 | $94,920,000 | $54,178 |
| $400k-600k | 1,356 | $630,480,000 | $464,956 |
| $100k-200k | 1,067 | $145,885,000 | $136,724 |
| $600k-1000k | 249 | $171,475,000 | $688,655 |
| $Over $1MM | 39 | $165,645,000 | $4,247,308 |
SALEM's loan sizing saw the bucket of loans from $200k-400k with 2,692 originations, totaling $842,660,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,570 | $1,021,020,000 | $397,284 |
| Under 20% | 1,762 | $107,050,000 | $60,755 |
| 60-80% | 1,117 | $429,005,000 | $384,069 |
| 20-40% | 899 | $151,285,000 | $168,281 |
| 40-60% | 668 | $244,400,000 | $365,868 |
| Over 100% | 90 | $47,030,000 | $522,556 |
SALEM's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,570 originations, totaling $1,021,020,000 in origination value.