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 6.64% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

The average rate for the prior week (2024-04-04) was 6.98% and one month ago for the week of 2024-03-07, the average rate was 6.74%.

Salem's average rate one year ago was 6.14%.

For refis of the same type during the week of 2024-04-11, the average rate was 7.25%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-04-11 6.88%
Salem 30 Year Fixed Rate 2024-04-11 6.64%
Salem 30 Year Fixed Rate Refi 2024-04-11 7.25%
Salem 15 Year Fixed Rate 2024-04-11 5.96%
Salem 15 Year Fixed Rate Refi 2024-04-11 6.26%
Salem 30 Year FHA 2024-04-11 6.43%
Salem 30 Year FHA Refi 2024-04-11 6.84%
Salem 30 Year USDA 2024-04-11 6.81%
Salem 30 Year USDA Refi 2024-04-11 6.61%
Salem 30 Year VA 2024-04-11 6.15%
Salem 30 Year VA Refi 2024-04-11 6.37%
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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
GUILD MORTGAGE COMPANY 206 6.72% $9,617
UNITED WHOLESALE MORTGAGE, LLC 197 6.63% $9,014
QUICKEN LOANS, LLC 158 6.64% $9,140
S1L, Inc. 87 6.68% $9,450
NEWREZ LLC 73 6.79% $8,677
MARION AND POLK SCHOOLS CREDIT UNION 72 6.58% $4,569
OnPoint Community Credit Union 67 6.76% $5,259
NATIONS DIRECT MORTGAGE, LLC 64 6.51% $7,268
ACADEMY MORTGAGE CORPORATION 62 6.78% $9,080
LPMC, LLC 60 6.83% $7,593
PLAZA HOME MORTGAGE, INC. 57 6.45% $10,516
PACIFIC RESIDENTIAL MORTGAGE, LLC 53 6.95% $10,025
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 53 6.73% $8,853
CMG MORTGAGE, INC. 46 6.78% $7,816
GUARANTEED RATE, INC. 45 6.79% $8,614
Umpqua Bank 44 6.56% $9,056
DHI MORTGAGE COMPANY, LTD. 39 5.91% $3,595
CROSSCOUNTRY MORTGAGE, LLC 39 7.11% $9,455
MOVEMENT MORTGAGE, LLC 37 7.11% $10,050
JPMorgan Chase Bank 37 6.80% $4,854
EAGLE HOME MORTGAGE, LLC 36 6.13% $6,005
Wells Fargo Bank 33 6.41% $4,767
U.S. Bank 29 6.59% $6,290
CHURCHILL MORTGAGE CORPORATION 29 6.73% $8,474
LOANDEPOT.COM, LLC 27 6.53% $10,710
PENNYMAC LOAN SERVICES, LLC 25 6.65% $7,501
FIRST TECHNOLOGY 25 6.95% $4,918
AMERICAN PACIFIC MORTGAGE CORPORATION 24 7.02% $10,047
Willamette Valley Bank 24 6.81% $10,242
Oregon State Credit Union 24 6.65% $6,795
KeyBank 23 6.48% $7,499
Sierra Pacific Mortgage Company, Inc. 23 6.67% $8,423
DIRECTORS MORTGAGE, INC. 22 6.82% $10,349
OREGON COMMUNITY 21 6.91% $5,909
PROVIDENT FUNDING ASSOCIATES, L.P. 21 6.45% $8,741
MORTGAGE EXPRESS, LLC 21 6.74% $7,812
MANN FINANCIAL INC. 21 6.76% $10,935
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 20 7.07% $10,695
CANOPY MORTGAGE, LLC 19 6.85% $10,800
Flagstar Bank, FSB 19 6.73% $8,198
BROKER SOLUTIONS, INC. 18 6.97% $6,624
HOMEBRIDGE FINANCIAL SERVICES, INC. 17 6.66% $8,111
First National Bank of America 16 9.96% $14,308
CALIBER HOME LOANS, INC. 16 6.49% $7,939
Unitus Community Credit Union 16 7.40% $4,894
MASON MCDUFFIE MORTGAGE CORPORATION 14 7.07% $7,482
BAY EQUITY LLC 14 6.74% $8,695
SUMMIT FUNDING, INC. 13 6.60% $13,125
PANORAMA MORTGAGE GROUP, LLC 12 7.14% $12,929
Washington Federal Bank 12 6.40% $9,554
NBKC BANK 11 6.81% $4,795
Bank of America 11 6.68% $8,134
V.I.P. MORTGAGE, INC. 11 6.37% $7,410
Century Mortgage Company DBA Century Lending Company 11 6.68% $8,730
Mr. Cooper ( Nationstar Mortgage ) 11 6.50% $11,506
Paramount Residential Mortgage Group, Inc. 9 6.78% $9,930
American Mortgage & Equity Consultants, Inc. 9 7.08% $9,103
EVERETT FINANCIAL, INC. 8 7.01% $10,492
SUCCESS MORTGAGE PARTNERS, INC. 8 6.51% $10,934
GENEVA FINANCIAL, LLC 8 7.17% $13,678
PREMIER MORTGAGE RESOURCES, L.L.C. 8 6.06% $12,207
Prosperity Home Mortgage, LLC 7 6.71% $11,388
UNION HOME MORTGAGE CORP. 7 7.18% $7,820
ENVOY MORTGAGE, LTD 7 6.66% $8,858
OCMBC, INC. 7 7.86% $10,853
Citadel Servicing Corporation 6 9.15% $9,602
MOUNTAIN AMERICA 6 7.02% $11,229
AMERISAVE MORTGAGE CORPORATION 6 5.83% $9,690
ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 6.70% $6,178
ZILLOW HOME LOANS, LLC 6 6.60% $5,426
ADVANTIS 6 6.44% $5,359
MUTUAL OF OMAHA MORTGAGE, INC. 6 6.40% $10,956
HomeStreet Bank 5 6.38% $6,871
Mortgage Research Center, LLC 5 7.05% $6,685
PRIMARY RESIDENTIAL MORTGAGE, INC. 5 6.63% $8,045
ROGUE 5 6.85% $6,943
LENDSURE MORTGAGE CORP. 5 7.95% $14,158
The Huntington National Bank 5 7.38% $5,382
BETTER MORTGAGE CORPORATION 5 6.03% $6,729
Summit Mortgage Corporation 5 6.53% $11,411
SUMMIT MORTGAGE CORPORATION 5 6.80% $7,442
SELCO COMMUNITY 5 6.42% $7,998
SAMMAMISH MORTGAGE COMPANY 5 6.00% $7,723
NOVA FINANCIAL & INVESTMENT CORPORATION 5 7.27% $9,233
Northwest Farm Credit Services, FLCA 5 7.00% $14,026
FREEDOM MORTGAGE CORPORATION 4 6.56% $9,745
NP, Inc. 4 8.31% $14,926
ONY GLO, INC. 4 7.78% $11,695
Bank of the Pacific 4 6.34% $6,525
AMERICAN FINANCIAL NETWORK, INC. 4 7.16% $8,438
CARDINAL FINANCIAL 4 6.06% $9,630
DAS Acquisition Company, LLC 4 6.31% $11,014
GUIDANCE RESIDENTIAL, LLC 4 7.09% $13,568
iCore Lending, Inc. 4 8.06% $10,602
Morgan Stanley Private Bank 4 6.18% $4,230
LAKEVIEW LOAN SERVICING, LLC 3 6.21% $14,595
Rivermark Community Credit Union 3 6.67% $6,748
ROYAL UNITED MORTGAGE LLC 3 6.67% $5,933
NATIONWIDE MORTGAGE BANKERS, INC. 3 6.71% $8,008
First Federal Bank 3 6.54% $6,404
NAVY FEDERAL CREDIT UNION 3 7.25% $4,302
Stifel Bank and Trust 3 5.29% $3,648
The Loan Store, Inc. 3 6.58% $9,851
Chicago Mortgage Solutions LLC 3 6.63% $10,080
AMERICAN FINANCING CORPORATION 3 6.66% $11,786
BMO Harris Bank 3 6.92% $5,761
USAA Federal Savings Bank 3 6.38% $8,000
PENTAGON FEDERAL CREDIT UNION 3 5.58% $3,907
Banner Bank 3 7.21% $5,833
NFM, INC. 3 6.62% $8,778
PRIORITY HOME LENDING, LLC 3 6.17% $13,780
Sunflower Bank 2 7.06% $8,404
AmeriHome Mortgage Company, LLC 2 6.87% $7,962
AXIA FINANCIAL, LLC 2 6.88% $13,799
Axos Bank 2 6.13% $5,009
Bank of England 2 6.88% $8,028
BAY-VALLEY MORTGAGE GROUP 2 6.81% $14,243
Boeing Employees Credit Union 2 5.94% $2,769
CALCON MUTUAL MORTGAGE LLC 2 6.00% $11,228
Commerce Home Mortgage, Inc. 2 8.25% $11,165
Cornerstone First Mortgage, Inc 2 7.31% $8,044
Discover Bank 2 7.74% $0
First Interstate Bank 2 6.88% $4,184
FOUNDATION MORTGAGE CORPORATION 2 12.00% $14,111
JLB CORPORATION 2 5.94% $6,267
LADERA LENDING, INC. 2 6.43% $7,968
Loan Simple, Inc. 2 6.56% $12,875
Nations Lending Corporation 2 6.44% $9,419
NEXERA HOLDING LLC 2 8.94% $20,012
ON Q FINANCIAL, INC. 2 7.06% $8,715
PHH Mortgage Corporation 2 7.31% $7,460
Plains Commerce Bank 2 6.81% $14,021
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.44% $10,483
RANLIFE, INC. 2 6.37% $9,042
RESIDENTIAL MORTGAGE, LLC 2 5.75% $9,887
TWINSTAR 2 6.56% $6,324
Washington Trust Bank 1 7.13% $5,097
PLANET HOME LENDING, LLC 1 6.00% $7,805
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.38% $5,691
PNC Bank 1 7.75% $3,852
PREMIA MORTGAGE, LLC 1 6.99% $1,210
MidFirst Bank 1 6.38% $16,046
LOANPAL, LLC 1 6.13% $13,580
AMERICAN INTERNET MORTGAGE, INC. 1 6.00% $10,808
LENOX FINANCIAL MORTGAGE CORPORATION 1 6.88% $8,788
LEADERONE FINANCIAL CORPORATION 1 7.38% $7,696
JMJ FINANCIAL GROUP 1 8.75% $20,761
Ixonia Bank 1 7.38% $3,918
Amalgamated Bank 1 6.00% $5,664
Wyndham Capital Mortgage, Inc. 1 6.63% $3,055
iQ Credit Union 1 6.63% $4,089
INTERNATIONAL CITY MORTGAGE, INC. 1 6.38% $4,192
IDAHO CENTRAL 1 5.88% $6,761
Home Loan Investment Bank, F.S.B. 1 6.63% $5,731
HERITAGE GROVE Federal Credit Union 1 7.25% $9,952
Heritage Bank 1 5.88% $11,614
First Bank 1 5.63% $3,913
SIRVA MORTGAGE, INC. 1 7.25% $3,729
FIBRE FEDERAL CREDIT UNION 1 6.13% $5,050
Farmers Bank & Trust 1 6.13% $5,468
DIGNIFIED HOME LOANS, LLC 1 7.99% $9,735
DIGITAL Federal Credit Union 1 6.13% $4,329
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 7.13% $4,660
21ST MORTGAGE CORPORATION 1 8.20% $11,105
SUN WEST MORTGAGE COMPANY, INC. 1 5.75% $19,062
The Federal Savings Bank 1 6.13% $13,218
DEEPHAVEN MORTGAGE LLC 1 9.88% $16,788
COAST 2 COAST FUNDING GROUP, INC. 1 7.13% $3,857
TRIAD FINANCIAL SERVICES, INC. 1 7.50% $8,695
Ally Bank 1 5.88% $28,168
UBS Bank USA 1 6.25% $4,310
Clackamas Federal Credit Union 1 5.63% $11,715
CHERRY CREEK MORTGAGE, LLC 1 7.00% $3,126
UNITED 1 7.50% $3,845
United Nations Federal Credit Union 1 5.25% $4,203
CENTRAL WILLAMETTE Credit Union 1 8.00% $4,960
Carrington Mortgage Services, LLC 1 6.25% $14,046
Barrington Bank & Trust Company, N.A. 1 7.49% $8,098
ARC HOME LLC 1 7.88% $8,101
VANDERBILT MORTGAGE AND FINANCE, INC. 1 9.25% $6,427
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 7.25% $9,693
NMSI, INC. 1 6.38% $8,493
NexBank 1 8.25% $9,359
NETWORK CAPITAL FUNDING CORPORATION 1 6.38% $7,322
PENRITH HOME LOANS LLC 1 7.13% $4,614
M&T Bank 1 5.88% $4,055
American State Bank 1 7.00% $6,166

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.

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, 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.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
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.