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
6.2%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
5.92% and
one month ago for the week of 2023-04-20, the
average rate was 5.92%.
Salem's average rate one year ago was 4.98%.
For refis of the same type during the week of 2023-05-25, the average rate
was 5.5%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
| Salem 30 Year Fixed Rate | 2023-05-25 | 6.2% |
| Salem 30 Year Fixed Rate Refi | 2023-05-25 | 5.5% |
| Salem 15 Year Fixed Rate | 2023-05-25 | 5.8% |
| Salem 15 Year Fixed Rate Refi | 2023-05-25 | 5.14% |
| Salem 30 Year FHA | 2023-05-25 | 6.23% |
| Salem 30 Year FHA Refi | 2023-05-25 | 6.41% |
| Salem 30 Year USDA | 2023-05-25 | 6.53% |
| Salem 30 Year USDA Refi | 2023-05-25 | 6.43% |
| Salem 30 Year VA | 2023-05-25 | 5.79% |
| Salem 30 Year VA Refi | 2023-05-25 | 6.61% |
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 255 lenders originated 11,745
loans during 2022. The total origination value was $3,733,965,000, with an average loan value of
$317,920.
SALEM's average closing costs are $6,143.
The top SALEM lender as defined by loan originations is QUICKEN LOANS, LLC, with
355 loans originated. Their average total fees are
$8,102, which is $2,093
higher than the next largest lender,
CALIBER HOME LOANS, INC..
The lowest fee SALEM lenders (with over 10 loans originated) are
HOMEAMERICAN MORTGAGE CORPORATION ($3,112), NBKC BANK ($3,592), OREGON COMMUNITY ($3,892), Unitus Community Credit Union ($4,105) and Oregon State Credit Union ($4,371).
The lowest rate SALEM lenders (with over 10 loans originated) are
Bank of America (3.80%), Rivermark Community Credit Union (3.81%), BETTER MORTGAGE CORPORATION (4.08%), AMERICAN FINANCING CORPORATION (4.11%) and AMERISAVE MORTGAGE CORPORATION (4.21%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $467,220,000 | $177,880,000 | -61.9% | 4.8% |
| CALIBER HOME LOANS, INC. | $363,705,000 | $164,840,000 | -54.7% | 4.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $235,355,000 | $152,855,000 | -35.1% | 4.1% |
| Umpqua Bank | $209,500,000 | $131,415,000 | -37.3% | 3.5% |
| GUILD MORTGAGE COMPANY | $318,065,000 | $127,915,000 | -59.8% | 3.4% |
| MARION AND POLK SCHOOLS CREDIT UNION | $124,615,000 | $126,185,000 | 1.3% | 3.4% |
| U.S. Bank | $161,165,000 | $82,390,000 | -48.9% | 2.2% |
| Columbia State Bank | $29,890,000 | $82,155,000 | 174.9% | 2.2% |
| Washington Federal Bank | $38,655,000 | $79,225,000 | 105.0% | 2.1% |
| LOANDEPOT.COM, LLC | $175,355,000 | $77,060,000 | -56.1% | 2.1% |
| Wells Fargo Bank | $156,515,000 | $76,465,000 | -51.1% | 2.0% |
| S1L, Inc. | $106,530,000 | $72,815,000 | -31.6% | 2.0% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $145,075,000 | $71,515,000 | -50.7% | 1.9% |
| KeyBank | $104,185,000 | $70,855,000 | -32.0% | 1.9% |
| LPMC, LLC | $216,040,000 | $65,715,000 | -69.6% | 1.8% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $119,605,000 | $64,145,000 | -46.4% | 1.7% |
| DHI MORTGAGE COMPANY, LTD. | $57,145,000 | $63,075,000 | 10.4% | 1.7% |
| JPMorgan Chase Bank | $142,785,000 | $58,220,000 | -59.2% | 1.6% |
| OnPoint Community Credit Union | $96,970,000 | $57,615,000 | -40.6% | 1.5% |
| ACADEMY MORTGAGE CORPORATION | $131,325,000 | $55,840,000 | -57.5% | 1.5% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $90,060,000 | $51,470,000 | -42.8% | 1.4% |
| PENNYMAC LOAN SERVICES, LLC | $119,940,000 | $51,020,000 | -57.5% | 1.4% |
| CHURCHILL MORTGAGE CORPORATION | $66,760,000 | $50,555,000 | -24.3% | 1.4% |
| HOME POINT FINANCIAL CORPORATION | $67,260,000 | $49,805,000 | -26.0% | 1.3% |
| NATIONS DIRECT MORTGAGE, LLC | $107,075,000 | $49,670,000 | -53.6% | 1.3% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $95,895,000 | $46,535,000 | -51.5% | 1.2% |
| FIRST TECHNOLOGY | $69,075,000 | $46,120,000 | -33.2% | 1.2% |
| OREGON COMMUNITY | $46,850,000 | $42,110,000 | -10.1% | 1.1% |
| PLAZA HOME MORTGAGE, INC. | $52,395,000 | $41,260,000 | -21.3% | 1.1% |
| People's Bank of Commerce | $2,040,000 | $39,450,000 | 1,833.8% | 1.1% |
| Banner Bank | $10,915,000 | $38,965,000 | 257.0% | 1.0% |
| FREEDOM MORTGAGE CORPORATION | $145,830,000 | $37,760,000 | -74.1% | 1.0% |
| Willamette Valley Bank | $48,800,000 | $35,895,000 | -26.4% | 1.0% |
| MOVEMENT MORTGAGE, LLC | $70,015,000 | $35,640,000 | -49.1% | 1.0% |
| Flagstar Bank, FSB | $81,925,000 | $33,355,000 | -59.3% | 0.9% |
| FINANCE OF AMERICA MORTGAGE LLC | $80,595,000 | $29,945,000 | -62.8% | 0.8% |
| Mortgage Research Center, LLC | $65,735,000 | $29,540,000 | -55.1% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $63,180,000 | $25,960,000 | -58.9% | 0.7% |
| iQ Credit Union | $7,930,000 | $25,100,000 | 216.5% | 0.7% |
| Oregon State Credit Union | $28,380,000 | $24,435,000 | -13.9% | 0.7% |
| Unitus Community Credit Union | $36,265,000 | $24,170,000 | -33.4% | 0.6% |
| MORTGAGE EXPRESS, LLC | $42,305,000 | $23,690,000 | -44.0% | 0.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $61,530,000 | $23,295,000 | -62.1% | 0.6% |
| BROKER SOLUTIONS, INC. | $42,245,000 | $23,055,000 | -45.4% | 0.6% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $35,515,000 | $21,250,000 | -40.2% | 0.6% |
| GUARANTEED RATE, INC. | $14,230,000 | $20,465,000 | 43.8% | 0.5% |
| Commerce Home Mortgage, Inc. | $30,100,000 | $19,215,000 | -36.2% | 0.5% |
| GENEVA FINANCIAL, LLC | $51,305,000 | $19,165,000 | -62.6% | 0.5% |
| First Republic Bank | $1,775,000 | $19,025,000 | 971.8% | 0.5% |
| MANN FINANCIAL INC. | $62,785,000 | $18,790,000 | -70.1% | 0.5% |
| CANOPY MORTGAGE, LLC | $11,010,000 | $18,160,000 | 64.9% | 0.5% |
| CBRE MULTIFAMILY CAPITAL, INC. | $18,015,000 | n/a | 0.5% | |
| AMERISAVE MORTGAGE CORPORATION | $50,115,000 | $17,490,000 | -65.1% | 0.5% |
| EAGLE HOME MORTGAGE, LLC | $8,765,000 | $16,635,000 | 89.8% | 0.4% |
| CMG MORTGAGE, INC. | $33,675,000 | $16,390,000 | -51.3% | 0.4% |
| DIRECTORS MORTGAGE, INC. | $30,090,000 | $16,215,000 | -46.1% | 0.4% |
| Sierra Pacific Mortgage Company, Inc. | $42,500,000 | $16,085,000 | -62.2% | 0.4% |
| NEWREZ LLC | $52,890,000 | $15,285,000 | -71.1% | 0.4% |
| Bank of America | $23,850,000 | $15,235,000 | -36.1% | 0.4% |
| AMERICAN FINANCING CORPORATION | $31,995,000 | $13,325,000 | -58.4% | 0.4% |
| HOMEAMERICAN MORTGAGE CORPORATION | $12,985,000 | n/a | 0.3% | |
| Citibank | $595,000 | $12,930,000 | 2,073.1% | 0.3% |
| NORTHMARQ CAPITAL FINANCE, L.L.C. | $12,915,000 | n/a | 0.3% | |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $51,520,000 | $12,415,000 | -75.9% | 0.3% |
| SELCO COMMUNITY | $5,275,000 | $12,285,000 | 132.9% | 0.3% |
| Northwest Farm Credit Services, FLCA | $16,735,000 | $12,075,000 | -27.8% | 0.3% |
| Grandbridge Real Estate Capital LLC | $12,005,000 | n/a | 0.3% | |
| HomeStreet Bank | $41,555,000 | $11,945,000 | -71.3% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $15,935,000 | $11,780,000 | -26.1% | 0.3% |
| SUMMIT FUNDING, INC. | $19,595,000 | $11,755,000 | -40.0% | 0.3% |
| Clackamas Federal Credit Union | $4,025,000 | $11,085,000 | 175.4% | 0.3% |
| Rivermark Community Credit Union | $12,640,000 | $10,735,000 | -15.1% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $8,730,000 | $10,410,000 | 19.2% | 0.3% |
| BETTER MORTGAGE CORPORATION | $49,945,000 | $10,295,000 | -79.4% | 0.3% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $26,650,000 | $10,195,000 | -61.7% | 0.3% |
| Morgan Stanley Private Bank | $515,000 | $10,050,000 | 1,851.5% | 0.3% |
| PacWest Funding Inc. | $5,685,000 | $9,510,000 | 67.3% | 0.3% |
| NORTHWEST COMMUNITY | $22,900,000 | $9,220,000 | -59.7% | 0.2% |
| USAA Federal Savings Bank | $14,485,000 | $8,780,000 | -39.4% | 0.2% |
| ADVANTIS | $7,955,000 | $8,720,000 | 9.6% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $40,520,000 | $8,660,000 | -78.6% | 0.2% |
| NBKC BANK | $16,950,000 | $8,375,000 | -50.6% | 0.2% |
| READYCAP COMMERCIAL, LLC | $8,205,000 | n/a | 0.2% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $18,050,000 | $7,910,000 | -56.2% | 0.2% |
| Lend Smart Mortgage, LLC | $7,555,000 | n/a | 0.2% | |
| PANORAMA MORTGAGE GROUP, LLC | $4,225,000 | $7,325,000 | 73.4% | 0.2% |
| Bank of the Pacific | $2,395,000 | $7,150,000 | 198.5% | 0.2% |
| Luther Burbank Savings | $7,410,000 | $7,040,000 | -5.0% | 0.2% |
| HERITAGE GROVE Federal Credit Union | $13,580,000 | $6,490,000 | -52.2% | 0.2% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $19,265,000 | $6,330,000 | -67.1% | 0.2% |
| SUN WEST MORTGAGE COMPANY, INC. | $17,355,000 | $6,310,000 | -63.6% | 0.2% |
| Hometown Lenders, Inc. | $8,590,000 | $6,175,000 | -28.1% | 0.2% |
| M&T Realty Capital Corporation | $2,925,000 | $6,105,000 | 108.7% | 0.2% |
| ORIX REAL ESTATE CAPITAL, LLC | $6,040,000 | n/a | 0.2% | |
| AMERICAN ADVISORS GROUP | $6,480,000 | $5,795,000 | -10.6% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $2,300,000 | $5,760,000 | 150.4% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $18,040,000 | $5,670,000 | -68.6% | 0.2% |
| Ent Credit Union | $5,615,000 | n/a | 0.2% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $3,570,000 | $5,580,000 | 56.3% | 0.1% |
| Summit Mortgage Corporation | $10,040,000 | $5,495,000 | -45.3% | 0.1% |
| The Federal Savings Bank | $13,700,000 | $5,425,000 | -60.4% | 0.1% |
| SUMMIT MORTGAGE CORPORATION | $11,305,000 | $5,365,000 | -52.5% | 0.1% |
| Pacific Premier Bank | $7,705,000 | $5,290,000 | -31.3% | 0.1% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $11,405,000 | $5,270,000 | -53.8% | 0.1% |
| SPRING EQ, LLC | $2,185,000 | $5,185,000 | 137.3% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $3,400,000 | $5,090,000 | 49.7% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $2,770,000 | $5,050,000 | 82.3% | 0.1% |
| CHERRY CREEK MORTGAGE, LLC | $30,155,000 | $5,015,000 | -83.4% | 0.1% |
| Carrington Mortgage Services, LLC | $9,550,000 | $4,850,000 | -49.2% | 0.1% |
| REVERSE MORTGAGE FUNDING LLC | $3,430,000 | $4,585,000 | 33.7% | 0.1% |
| First Interstate Bank | $4,515,000 | $4,440,000 | -1.7% | 0.1% |
| BAY EQUITY LLC | $2,370,000 | $4,415,000 | 86.3% | 0.1% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $345,000 | $4,410,000 | 1,178.3% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $4,845,000 | $4,365,000 | -9.9% | 0.1% |
| First Federal | $11,960,000 | $4,150,000 | -65.3% | 0.1% |
| CIVIC FINANCIAL SERVICES, LLC | $12,270,000 | $3,930,000 | -68.0% | 0.1% |
| EVERETT FINANCIAL, INC. | $1,240,000 | $3,865,000 | 211.7% | 0.1% |
| Nations Lending Corporation | $5,965,000 | $3,835,000 | -35.7% | 0.1% |
| ALLIANT CREDIT UNION | $15,845,000 | $3,780,000 | -76.1% | 0.1% |
| LOANPAL, LLC | $6,970,000 | $3,775,000 | -45.8% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $9,530,000 | $3,630,000 | -61.9% | 0.1% |
| Bank of the West | $5,655,000 | $3,590,000 | -36.5% | 0.1% |
| NEW DAY FINANCIAL, LLC | $12,510,000 | $3,580,000 | -71.4% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $3,640,000 | $3,470,000 | -4.7% | 0.1% |
| Bank of England | $6,215,000 | $3,425,000 | -44.9% | 0.1% |
| GREYSTONE SERVICING COMPANY LLC | $10,360,000 | $3,125,000 | -69.8% | 0.1% |
| PNC Bank | $4,965,000 | $3,120,000 | -37.2% | 0.1% |
| MUFG Union Bank | $14,430,000 | $3,090,000 | -78.6% | 0.1% |
| North American Savings Bank, F.S.B. | $13,750,000 | $3,085,000 | -77.6% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $3,510,000 | $3,070,000 | -12.5% | 0.1% |
| OCMBC, INC. | $310,000 | $3,005,000 | 869.4% | 0.1% |
| PHH Mortgage Corporation | $4,620,000 | $2,970,000 | -35.7% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $6,790,000 | $2,965,000 | -56.3% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $5,385,000 | $2,895,000 | -46.2% | 0.1% |
| Figure Lending LLC | $2,360,000 | $2,875,000 | 21.8% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $3,425,000 | $2,855,000 | -16.6% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $5,005,000 | $2,775,000 | -44.6% | 0.1% |
| V.I.P. MORTGAGE, INC. | $1,530,000 | $2,770,000 | 81.0% | 0.1% |
| ENVOY MORTGAGE, LTD | $9,065,000 | $2,725,000 | -69.9% | 0.1% |
| 1st Security Bank of Washington | $1,600,000 | $2,675,000 | 67.2% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $10,320,000 | $2,655,000 | -74.3% | 0.1% |
| NETWORK CAPITAL FUNDING CORPORATION | $8,075,000 | $2,650,000 | -67.2% | 0.1% |
| First National Bank of America | $7,200,000 | $2,645,000 | -63.3% | 0.1% |
| MOUNTAIN AMERICA | $4,775,000 | $2,630,000 | -44.9% | 0.1% |
| Northpointe Bank | $2,460,000 | $2,610,000 | 6.1% | 0.1% |
| HOME MORTGAGE ALLIANCE, LLC | $2,365,000 | $2,600,000 | 9.9% | 0.1% |
| Amerifirst Financial, Inc. | $1,360,000 | $2,575,000 | 89.3% | 0.1% |
| Golden Empire Mortgage, Inc. | $4,210,000 | $2,565,000 | -39.1% | 0.1% |
| Gateway First Bank | $3,250,000 | $2,470,000 | -24.0% | 0.1% |
| LADERA LENDING, INC. | $2,465,000 | $2,435,000 | -1.2% | 0.1% |
| Magnolia Bank | $2,080,000 | $2,425,000 | 16.6% | 0.1% |
| COLUMBIA COMMUNITY CREDIT UNION | $2,590,000 | $2,375,000 | -8.3% | 0.1% |
| CENTRAL WILLAMETTE Credit Union | $7,780,000 | $2,370,000 | -69.5% | 0.1% |
| Discover Bank | $1,245,000 | $2,310,000 | 85.5% | 0.1% |
| Ally Bank | $5,995,000 | $2,290,000 | -61.8% | 0.1% |
| AXIA FINANCIAL, LLC | $5,495,000 | $2,265,000 | -58.8% | 0.1% |
| LENDSURE MORTGAGE CORP. | $665,000 | $2,260,000 | 239.8% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $535,000 | $2,205,000 | 312.1% | 0.1% |
| AMERIFIRST FINANCIAL CORPORATION | $2,195,000 | n/a | 0.1% | |
| Consolidated Federal Credit Union | $2,170,000 | n/a | 0.1% | |
| 21ST MORTGAGE CORPORATION | $2,140,000 | $2,140,000 | 0.0% | 0.1% |
| CENTENNIAL LENDING, LLC | $275,000 | $2,110,000 | 667.3% | 0.1% |
| Gallic & Johnson, LLC | $2,075,000 | n/a | 0.1% | |
| OPEN MORTGAGE, LLC | $2,295,000 | $2,060,000 | -10.2% | 0.1% |
| FirstBank | $4,725,000 | $2,050,000 | -56.6% | 0.1% |
| Capital One | $2,045,000 | n/a | 0.1% | |
| Citizens Bank | $8,375,000 | $2,045,000 | -75.6% | 0.1% |
| RANLIFE, INC. | $4,290,000 | $2,015,000 | -53.0% | 0.1% |
| Dollar Bank, Federal Savings Bank | $655,000 | $2,005,000 | 206.1% | 0.1% |
| STEARNS LENDING, LLC | $16,915,000 | $2,000,000 | -88.2% | 0.1% |
| PLANET HOME LENDING, LLC | $9,425,000 | $1,950,000 | -79.3% | 0.1% |
| PRIORITY HOME LENDING, LLC | $1,225,000 | $1,950,000 | 59.2% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $2,585,000 | $1,940,000 | -25.0% | 0.1% |
| FIRST COMMUNITY | $7,420,000 | $1,900,000 | -74.4% | 0.1% |
| AMCAP MORTGAGE, LTD. | $660,000 | $1,895,000 | 187.1% | 0.1% |
| Prosperity Home Mortgage, LLC | $28,815,000 | $1,845,000 | -93.6% | 0.0% |
| SECURITYNATIONAL MORTGAGE COMPANY | $5,135,000 | $1,785,000 | -65.2% | 0.0% |
| KELLER MORTGAGE, LLC | $2,445,000 | $1,765,000 | -27.8% | 0.0% |
| CLEARPATH LENDING | $1,200,000 | $1,735,000 | 44.6% | 0.0% |
| SOVEREIGN LENDING GROUP INCORPORATED | $7,340,000 | $1,735,000 | -76.4% | 0.0% |
| HOMEXPRESS MORTGAGE CORP. | $1,560,000 | $1,715,000 | 9.9% | 0.0% |
| REDWOOD RESIDENTIAL ACQUISITION CORPORATION | $2,000,000 | $1,710,000 | -14.5% | 0.0% |
| ZILLOW HOME LOANS, LLC | $6,965,000 | $1,665,000 | -76.1% | 0.0% |
| JLB CORPORATION | $8,740,000 | $1,650,000 | -81.1% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,175,000 | $1,640,000 | 39.6% | 0.0% |
| VILLAGE CAPITAL MORTGAGE | $6,190,000 | $1,605,000 | -74.1% | 0.0% |
| SAMMAMISH MORTGAGE COMPANY | $1,130,000 | $1,575,000 | 39.4% | 0.0% |
| Boeing Employees Credit Union | $19,520,000 | $1,545,000 | -92.1% | 0.0% |
| VERITAS FUNDING, LLC | $2,280,000 | $1,490,000 | -34.6% | 0.0% |
| RED CANOE CREDIT UNION | $985,000 | $1,435,000 | 45.7% | 0.0% |
| FIBRE FEDERAL CREDIT UNION | $920,000 | $1,425,000 | 54.9% | 0.0% |
| The Huntington National Bank | $265,000 | $1,400,000 | 428.3% | 0.0% |
| TruHome Solutions, LLC | $335,000 | $1,395,000 | 316.4% | 0.0% |
| Citadel Servicing Corporation | $3,245,000 | $1,370,000 | -57.8% | 0.0% |
| BECKAM FUNDING CORP. | $255,000 | $1,335,000 | 423.5% | 0.0% |
| BNC National Bank | $3,105,000 | $1,330,000 | -57.2% | 0.0% |
| FAY SERVICING, LLC | $1,330,000 | n/a | 0.0% | |
| Strong Home Mortgage, LLC | $11,365,000 | $1,330,000 | -88.3% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $435,000 | $1,325,000 | 204.6% | 0.0% |
| Loan Simple, Inc. | $2,585,000 | $1,315,000 | -49.1% | 0.0% |
| NFM, INC. | $1,315,000 | $1,310,000 | -0.4% | 0.0% |
| DIGNIFIED HOME LOANS, LLC | $770,000 | $1,290,000 | 67.5% | 0.0% |
| JMAC LENDING, INC. | $5,130,000 | $1,290,000 | -74.9% | 0.0% |
| ROGUE | $1,195,000 | $1,290,000 | 7.9% | 0.0% |
| Truist | $2,620,000 | $1,280,000 | -51.1% | 0.0% |
| Cornerstone First Mortgage, Inc | $1,480,000 | $1,235,000 | -16.6% | 0.0% |
| BKCO MORTGAGE, LLC | $1,215,000 | n/a | 0.0% | |
| UBS Bank USA | $585,000 | $1,210,000 | 106.8% | 0.0% |
| BOKF | $1,190,000 | n/a | 0.0% | |
| First Guaranty Mortgage Corporation | $9,655,000 | $1,170,000 | -87.9% | 0.0% |
| Arvest Bank | $2,005,000 | $1,155,000 | -42.4% | 0.0% |
| AmeriHome Mortgage Company, LLC | $4,545,000 | $1,140,000 | -74.9% | 0.0% |
| ATHAS CAPITAL GROUP, INC. | $480,000 | $1,130,000 | 135.4% | 0.0% |
| ON Q FINANCIAL, INC. | $2,515,000 | $1,115,000 | -55.7% | 0.0% |
| PREMIER LENDING, INC. | $700,000 | $1,115,000 | 59.3% | 0.0% |
| Luxury Mortgage Corp. | $425,000 | $1,110,000 | 161.2% | 0.0% |
| OREGONIANS CREDIT UNION | $175,000 | $1,075,000 | 514.3% | 0.0% |
| MLD MORTGAGE INC. | $1,070,000 | n/a | 0.0% | |
| Franklin Loan Corporation | $255,000 | $1,035,000 | 305.9% | 0.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,035,000 | $1,025,000 | -1.0% | 0.0% |
| PREMIA MORTGAGE, LLC | $165,000 | $1,000,000 | 506.1% | 0.0% |
| GUIDANCE RESIDENTIAL, LLC | $465,000 | $980,000 | 110.8% | 0.0% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $295,000 | $980,000 | 232.2% | 0.0% |
| MORIA DEVELOPMENT, INC. | $225,000 | $960,000 | 326.7% | 0.0% |
| The Central Trust Bank | $960,000 | n/a | 0.0% | |
| Axos Bank | $1,100,000 | $940,000 | -14.5% | 0.0% |
| RESIDENTIAL BANCORP. | $1,975,000 | $935,000 | -52.7% | 0.0% |
| Merchants Mortgage & Trust Corporation | $925,000 | n/a | 0.0% | |
| SOFI LENDING CORP. | $3,775,000 | $925,000 | -75.5% | 0.0% |
| Low VA Rates, LLC | $3,950,000 | $920,000 | -76.7% | 0.0% |
| Washington Trust Bank | $5,405,000 | $920,000 | -83.0% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $885,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $1,400,000 | $870,000 | -37.9% | 0.0% |
| UNITED MORTGAGE CORP. | $2,020,000 | $865,000 | -57.2% | 0.0% |
| Equity Prime Mortgage LLC | $1,300,000 | $860,000 | -33.8% | 0.0% |
| Opportunity Bank of Montana | $600,000 | $860,000 | 43.3% | 0.0% |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $1,220,000 | $835,000 | -31.6% | 0.0% |
| Quontic Bank | $2,920,000 | $810,000 | -72.3% | 0.0% |
| Charles Schwab Bank, SSB | $900,000 | $805,000 | -10.6% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $7,990,000 | $790,000 | -90.1% | 0.0% |
| UNIVERSITY CREDIT UNION | $780,000 | n/a | 0.0% | |
| First-Citizens Bank & Trust Company | $750,000 | n/a | 0.0% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $750,000 | n/a | 0.0% | |
| Barrington Bank & Trust Company, N.A. | $3,870,000 | $735,000 | -81.0% | 0.0% |
| LAND HOME FINANCIAL SERVICES, INC. | $1,540,000 | $725,000 | -52.9% | 0.0% |
| First Savings Bank | $1,075,000 | $710,000 | -34.0% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $920,000 | $690,000 | -25.0% | 0.0% |
| Colonial Savings, F.A. | $245,000 | $680,000 | 177.6% | 0.0% |
| SOUTHWEST FUNDING, LP | $1,720,000 | $680,000 | -60.5% | 0.0% |
| EMBRACE HOME LOANS, INC. | $1,270,000 | $670,000 | -47.2% | 0.0% |
| 5TH STREET CAPITAL, INC. | $515,000 | $655,000 | 27.2% | 0.0% |
| HomeTrust Bank | $705,000 | $655,000 | -7.1% | 0.0% |
| Stifel Bank and Trust | $5,110,000 | $655,000 | -87.2% | 0.0% |
| Hometown Equity Mortgage, LLC | $730,000 | $645,000 | -11.6% | 0.0% |
| INTERCAP LENDING INC. | $2,115,000 | $645,000 | -69.5% | 0.0% |
| ARC HOME LLC | $615,000 | $640,000 | 4.1% | 0.0% |
| IMPAC MORTGAGE CORP. | $2,185,000 | $625,000 | -71.4% | 0.0% |
| ONY GLO, INC. | $930,000 | $610,000 | -34.4% | 0.0% |
| HOMESTEAD FUNDING CORP. | $1,935,000 | $605,000 | -68.7% | 0.0% |
| Morton Community Bank | $800,000 | $585,000 | -26.9% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $3,335,000 | $580,000 | -82.6% | 0.0% |
| ANGEL OAK HOME LOANS LLC | $565,000 | n/a | 0.0% | |
| First Federal Bank | $1,400,000 | $565,000 | -59.6% | 0.0% |
| Qualstar Credit Union | $545,000 | n/a | 0.0% | |
| LENOX FINANCIAL MORTGAGE CORPORATION | $1,025,000 | $540,000 | -47.3% | 0.0% |
| Texana Bank | $470,000 | $530,000 | 12.8% | 0.0% |
| Armed Forces Bank | $505,000 | n/a | 0.0% | |
| GESA | $195,000 | $505,000 | 159.0% | 0.0% |
| NexBank | $505,000 | n/a | 0.0% | |
| Sunflower Bank | $245,000 | $505,000 | 106.1% | 0.0% |
| Baxter Credit Union | $490,000 | n/a | 0.0% | |
| City National Bank | $460,000 | n/a | 0.0% | |
| COMMUNITY MORTGAGE FUNDING, LLC | $460,000 | n/a | 0.0% | |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $460,000 | n/a | 0.0% | |
| NBH Bank | $590,000 | $460,000 | -22.0% | 0.0% |
| EagleBank | $305,000 | $455,000 | 49.2% | 0.0% |
| Lakeview Community Capital, LLC | $455,000 | n/a | 0.0% | |
| WESTCOAST MORTGAGE GROUP AND REALTY COMPANY | $125,000 | $455,000 | 264.0% | 0.0% |
| SPOKANE TEACHERS | $450,000 | n/a | 0.0% | |
| First State Bank of St. Charles, Missouri | $105,000 | $445,000 | 323.8% | 0.0% |
| INROADS | $685,000 | $445,000 | -35.0% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $445,000 | $445,000 | 0.0% | 0.0% |
| WINGS FINANCIAL | $105,000 | $445,000 | 323.8% | 0.0% |
| SIRVA MORTGAGE, INC. | $435,000 | n/a | 0.0% | |
| CITYWIDE HOME LOANS, LLC | $425,000 | n/a | 0.0% | |
| Watermark Capital, Inc. | $1,530,000 | $425,000 | -72.2% | 0.0% |
| SILVER HILL FUNDING, LLC | $415,000 | n/a | 0.0% | |
| THE MORTGAGE COMPANY | $760,000 | $415,000 | -45.4% | 0.0% |
| SWBC MORTGAGE CORPORATION | $1,175,000 | $405,000 | -65.5% | 0.0% |
| WRIGHT-PATT CREDIT UNION, INC. | $155,000 | $405,000 | 161.3% | 0.0% |
| PENRITH HOME LOANS LLC | $710,000 | $395,000 | -44.4% | 0.0% |
| Community First National Bank | $385,000 | n/a | 0.0% | |
| First Federal Bank of Kansas City | $105,000 | $385,000 | 266.7% | 0.0% |
| MYCUMORTGAGE, LLC | $550,000 | $385,000 | -30.0% | 0.0% |
| CORNERSTONE HOME LENDING, INC. | $630,000 | $375,000 | -40.5% | 0.0% |
| Peoples Bank | $425,000 | $375,000 | -11.8% | 0.0% |
| Cf Bank | $365,000 | n/a | 0.0% | |
| First Mortgage Solutions, LLC | $2,715,000 | $365,000 | -86.6% | 0.0% |
| Servion, Inc. | $355,000 | n/a | 0.0% | |
| BEST CAPITAL FUNDING | $475,000 | $325,000 | -31.6% | 0.0% |
| GSF Mortgage Corporation | $2,255,000 | $325,000 | -85.6% | 0.0% |
| Pacific Lending LLC | $325,000 | n/a | 0.0% | |
| Zions Bancorporation, N.A. | $560,000 | $325,000 | -42.0% | 0.0% |
| M&T Bank | $1,690,000 | $310,000 | -81.7% | 0.0% |
| BayCoast Bank | $300,000 | n/a | 0.0% | |
| BELEM SERVICING LLC | $510,000 | $295,000 | -42.2% | 0.0% |
| USAGENCIES | $420,000 | $290,000 | -31.0% | 0.0% |
| Semper Home Loans, Inc. | $285,000 | n/a | 0.0% | |
| TOGETHER CREDIT UNION | $275,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $9,000,000 | $275,000 | -96.9% | 0.0% |
| A&D Mortgage LLC | $255,000 | n/a | 0.0% | |
| JAMES B. NUTTER & COMPANY | $165,000 | $255,000 | 54.5% | 0.0% |
| Ixonia Bank | $245,000 | n/a | 0.0% | |
| Plains Commerce Bank | $205,000 | $245,000 | 19.5% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $765,000 | $235,000 | -69.3% | 0.0% |
| Greenbox Loans, Inc. | $285,000 | $235,000 | -17.5% | 0.0% |
| MICHIGAN MUTUAL, INC. | $235,000 | n/a | 0.0% | |
| GEORGIA'S OWN | $230,000 | n/a | 0.0% | |
| Advisors Mortgage Group, L.L.C. | $410,000 | $225,000 | -45.1% | 0.0% |
| KS StateBank | $855,000 | $225,000 | -73.7% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $235,000 | $205,000 | -12.8% | 0.0% |
| EMM LOANS LLC | $205,000 | $205,000 | 0.0% | 0.0% |
| Ukrainian Federal Credit Union | $195,000 | n/a | 0.0% | |
| HighTechLending Inc | $1,455,000 | $185,000 | -87.3% | 0.0% |
| PREMIER AMERICA | $175,000 | n/a | 0.0% | |
| SALAL | $715,000 | $175,000 | -75.5% | 0.0% |
| Pinnacle Bank | $165,000 | n/a | 0.0% | |
| Alaska USA Federal Credit Union | $3,245,000 | $160,000 | -95.1% | 0.0% |
| MIDWEST LOAN SOLUTIONS, INC. | $320,000 | $155,000 | -51.6% | 0.0% |
| CITIZENS EQUITY FIRST | $135,000 | n/a | 0.0% | |
| FOUNDERS FEDERAL CREDIT UNION | $135,000 | n/a | 0.0% | |
| GoPrime Mortgage, Inc. | $1,965,000 | $135,000 | -93.1% | 0.0% |
| GTE Federal Credit Union | $135,000 | n/a | 0.0% | |
| State Department Federal Credit Union | $130,000 | n/a | 0.0% | |
| WASHINGTON STATE EMPLOYEES Credit Union | $540,000 | $120,000 | -77.8% | 0.0% |
| America's Credit Union | $65,000 | $105,000 | 61.5% | 0.0% |
| Chicago Mortgage Solutions LLC | $3,200,000 | $105,000 | -96.7% | 0.0% |
| TWINSTAR | $1,080,000 | $100,000 | -90.7% | 0.0% |
| Service Federal Credit Union | $90,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $85,000 | n/a | 0.0% | |
| TOWER | $85,000 | n/a | 0.0% | |
| NMSI, INC. | $325,000 | $55,000 | -83.1% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $175,000 | $55,000 | -68.6% | 0.0% |
| HAPO COMMUNITY CREDIT UNION | $45,000 | n/a | 0.0% | |
| DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION | $15,000 | n/a | 0.0% | |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $225,000 | $15,000 | -93.3% | 0.0% |
| Pacific NW Federal Credit Union | $480,000 | $15,000 | -96.9% | 0.0% |
SALEM's top lender by overall market share is QUICKEN LOANS, LLC, with 4.8% market share. In second place, with 4.4%, is CALIBER HOME LOANS, INC., having originated $164,840,000 in loans. In third place, with 4.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $152,855,000 in loans. In fourth place, with 3.5%, is Umpqua Bank, having originated $131,415,000 in loans. In fifth place, with 3.4%, is GUILD MORTGAGE COMPANY, having originated $127,915,000 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%) | $492,929 (36.0%) | 1.40 | 714 |
| 2018-02-01 | $377,450 (34.3%) | $486,511 (32.1%) | 1.37 | 712 |
| 2018-03-01 | $374,900 (32.3%) | $478,838 (28.4%) | 1.32 | 740 |
| 2018-04-01 | $384,700 (30.4%) | $499,480 (29.4%) | 1.30 | 763 |
| 2018-05-01 | $389,450 (31.5%) | $495,312 (28.0%) | 1.30 | 857 |
| 2018-06-01 | $385,900 (30.1%) | $488,871 (29.4%) | 1.29 | 924 |
| 2018-07-01 | $394,700 (12.2%) | $487,251 (10.3%) | 1.32 | 978 |
| 2018-08-01 | $375,450 (5.5%) | $461,644 (2.1%) | 1.26 | 1,168 |
| 2018-09-01 | $369,900 (5.7%) | $450,427 (0.5%) | 1.24 | 1,235 |
| 2018-10-01 | $367,450 (0.0%) | $448,628 (-2.7%) | 1.24 | 1,236 |
| 2018-11-01 | $362,200 (-2.1%) | $438,794 (-6.6%) | 1.23 | 1,223 |
| 2018-12-01 | $364,900 (-3.3%) | $443,344 (-9.0%) | 1.26 | 1,131 |
| 2019-01-01 | $367,950 (-2.5%) | $440,787 (-10.6%) | 1.27 | 1,067 |
| 2019-02-01 | $362,450 (-4.0%) | $423,048 (-13.0%) | 1.22 | 1,027 |
| 2019-03-01 | $364,945 (-2.7%) | $422,044 (-11.9%) | 1.22 | 1,055 |
| 2019-04-01 | $365,000 (-5.1%) | $425,855 (-14.7%) | 1.16 | 1,065 |
| 2019-05-01 | $364,950 (-6.3%) | $429,095 (-13.4%) | 1.14 | 1,141 |
| 2019-06-01 | $364,995 (-5.4%) | $427,954 (-12.5%) | 1.14 | 1,254 |
| 2019-07-01 | $369,900 (-6.3%) | $429,676 (-11.8%) | 1.16 | 1,317 |
| 2019-08-01 | $379,900 (1.2%) | $441,241 (-4.4%) | 1.19 | 1,290 |
| 2019-09-01 | $385,100 (4.1%) | $466,899 (3.7%) | 1.21 | 1,116 |
| 2019-10-01 | $375,000 (2.1%) | $457,307 (1.9%) | 1.21 | 1,230 |
| 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 (5.3%) | $474,112 (7.6%) | 1.29 | 852 |
| 2020-02-01 | $389,900 (7.6%) | $480,831 (13.7%) | 1.28 | 794 |
| 2020-03-01 | $404,975 (11.0%) | $501,706 (18.9%) | 1.27 | 770 |
| 2020-04-01 | $399,450 (9.4%) | $481,601 (13.1%) | 1.25 | 833 |
| 2020-05-01 | $414,950 (13.7%) | $504,637 (17.6%) | 1.26 | 767 |
| 2020-06-01 | $423,925 (16.2%) | $516,805 (20.8%) | 1.25 | 668 |
| 2020-07-01 | $429,450 (16.1%) | $532,956 (24.0%) | 1.24 | 632 |
| 2020-08-01 | $425,000 (11.9%) | $540,325 (22.5%) | 1.22 | 578 |
| 2020-09-01 | $438,075 (13.8%) | $553,802 (18.6%) | 1.26 | 496 |
| 2020-10-01 | $419,999 (12.0%) | $542,943 (18.7%) | 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 | $449,325 (15.2%) | $597,985 (24.4%) | 1.31 | 255 |
| 2021-03-01 | $427,400 (5.5%) | $571,415 (13.9%) | 1.21 | 275 |
| 2021-04-01 | $433,625 (8.6%) | $597,237 (24.0%) | 1.17 | 299 |
| 2021-05-01 | $450,000 (8.5%) | $569,194 (12.8%) | 1.19 | 354 |
| 2021-06-01 | $462,533 (9.1%) | $589,495 (14.1%) | 1.22 | 418 |
| 2021-07-01 | $449,950 (4.8%) | $595,122 (11.7%) | 1.19 | 509 |
| 2021-08-01 | $462,104 (8.7%) | $595,086 (10.1%) | 1.23 | 573 |
| 2021-09-01 | $463,500 (5.8%) | $617,436 (11.5%) | 1.24 | 625 |
| 2021-10-01 | $450,000 (7.1%) | $622,429 (14.6%) | 1.20 | 623 |
| 2021-11-01 | $455,225 (5.9%) | $634,623 (13.4%) | 1.22 | 531 |
| 2021-12-01 | $482,975 (13.8%) | $663,040 (16.7%) | 1.31 | 439 |
| 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 | $510,495 (19.4%) | $745,496 (30.5%) | 1.28 | 348 |
| 2022-04-01 | $506,630 (16.8%) | $686,541 (15.0%) | 1.21 | 415 |
| 2022-05-01 | $509,990 (13.3%) | $660,859 (16.1%) | 1.17 | 504 |
| 2022-06-01 | $505,086 (9.2%) | $645,614 (9.5%) | 1.12 | 620 |
| 2022-07-01 | $499,500 (11.0%) | $617,268 (3.7%) | 1.13 | 816 |
| 2022-08-01 | $499,000 (8.0%) | $607,732 (2.1%) | 1.15 | 897 |
| 2022-09-01 | $497,000 (7.2%) | $604,817 (-2.0%) | 1.16 | 935 |
| 2022-10-01 | $489,675 (8.8%) | $567,286 (-8.9%) | 1.15 | 976 |
| 2022-11-01 | $484,950 (6.5%) | $570,803 (-10.1%) | 1.17 | 954 |
| 2022-12-01 | $489,450 (1.3%) | $590,596 (-10.9%) | 1.21 | 838 |
| 2023-01-01 | $491,998 (-0.9%) | $590,429 (-19.1%) | 1.22 | 727 |
| 2023-02-01 | $497,338 (-0.3%) | $597,784 (-21.9%) | 1.20 | 646 |
| 2023-03-01 | $500,725 (-1.9%) | $614,763 (-17.5%) | 1.18 | 642 |
| 2023-04-01 | $509,000 (0.5%) | $627,602 (-8.6%) | 1.18 | 604 |
SALEM's median listing price for 2023-04-01 was $509,000, a difference of
$2,370
(0.5%) versus the prior year and
$8,275 versus the prior month.
SALEM's median listing price comes in at 118% of the national average.
SALEM's average listing price for 2023-04-01 was $627,602, a difference of $-58,939 (-8.6%) versus the prior year and $12,839 versus the prior month.
For the 2023-04-01 period, SALEM had 604 MLS listings, a difference of -38 listings (-6%) versus the prior month and 189 listings (46%) versus the prior year.
SALEM's median listing price comes in at 118% of the national average.
SALEM's average listing price for 2023-04-01 was $627,602, a difference of $-58,939 (-8.6%) versus the prior year and $12,839 versus the prior month.
For the 2023-04-01 period, SALEM had 604 MLS listings, a difference of -38 listings (-6%) versus the prior month and 189 listings (46%) 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 | 74 days | 2,100 sqft |
| 2018-02-01 | 58 days | 2,058 sqft |
| 2018-03-01 | 43 days | 2,032 sqft |
| 2018-04-01 | 42 days | 2,038 sqft |
| 2018-05-01 | 33 days | 2,067 sqft |
| 2018-06-01 | 35 days | 2,030 sqft |
| 2018-07-01 | 45 days | 2,079 sqft |
| 2018-08-01 | 38 days | 2,031 sqft |
| 2018-09-01 | 44 days | 1,994 sqft |
| 2018-10-01 | 56 days | 1,996 sqft |
| 2018-11-01 | 59 days | 1,968 sqft |
| 2018-12-01 | 71 days | 1,969 sqft |
| 2019-01-01 | 75 days | 1,948 sqft |
| 2019-02-01 | 62 days | 1,930 sqft |
| 2019-03-01 | 52 days | 1,934 sqft |
| 2019-04-01 | 47 days | 1,935 sqft |
| 2019-05-01 | 43 days | 1,923 sqft |
| 2019-06-01 | 38 days | 1,950 sqft |
| 2019-07-01 | 42 days | 1,955 sqft |
| 2019-08-01 | 56 days | 2,016 sqft |
| 2019-09-01 | 61 days | 2,053 sqft |
| 2019-10-01 | 54 days | 2,023 sqft |
| 2019-11-01 | 58 days | 2,027 sqft |
| 2019-12-01 | 70 days | 2,005 sqft |
| 2020-01-01 | 78 days | 1,993 sqft |
| 2020-02-01 | 71 days | 1,995 sqft |
| 2020-03-01 | 46 days | 2,023 sqft |
| 2020-04-01 | 48 days | 1,989 sqft |
| 2020-05-01 | 55 days | 2,088 sqft |
| 2020-06-01 | 47 days | 2,144 sqft |
| 2020-07-01 | 38 days | 2,157 sqft |
| 2020-08-01 | 37 days | 2,053 sqft |
| 2020-09-01 | 41 days | 2,097 sqft |
| 2020-10-01 | 41 days | 2,017 sqft |
| 2020-11-01 | 58 days | 2,029 sqft |
| 2020-12-01 | 60 days | 1,989 sqft |
| 2021-01-01 | 40 days | 2,084 sqft |
| 2021-02-01 | 32 days | 1,956 sqft |
| 2021-03-01 | 21 days | 1,881 sqft |
| 2021-04-01 | 22 days | 1,868 sqft |
| 2021-05-01 | 15 days | 1,879 sqft |
| 2021-06-01 | 19 days | 1,944 sqft |
| 2021-07-01 | 22 days | 1,933 sqft |
| 2021-08-01 | 24 days | 1,938 sqft |
| 2021-09-01 | 29 days | 1,907 sqft |
| 2021-10-01 | 32 days | 1,856 sqft |
| 2021-11-01 | 37 days | 1,876 sqft |
| 2021-12-01 | 44 days | 1,932 sqft |
| 2022-01-01 | 54 days | 1,952 sqft |
| 2022-02-01 | 29 days | 1,893 sqft |
| 2022-03-01 | 28 days | 1,905 sqft |
| 2022-04-01 | 23 days | 1,861 sqft |
| 2022-05-01 | 26 days | 1,905 sqft |
| 2022-06-01 | 24 days | 1,892 sqft |
| 2022-07-01 | 29 days | 1,855 sqft |
| 2022-08-01 | 37 days | 1,899 sqft |
| 2022-09-01 | 47 days | 1,898 sqft |
| 2022-10-01 | 50 days | 1,842 sqft |
| 2022-11-01 | 56 days | 1,810 sqft |
| 2022-12-01 | 72 days | 1,847 sqft |
| 2023-01-01 | 84 days | 1,849 sqft |
| 2023-02-01 | 86 days | 1,865 sqft |
| 2023-03-01 | 58 days | 1,889 sqft |
| 2023-04-01 | 51 days | 1,851 sqft |
SALEM's median listing age (time on market) for 2023-04-01 was 51 days.
This
is 127%
longer
than the same period one year ago.
SALEM's median square footage for active listings during the 2023-04-01 period was 1,851 sqft. One year prior, the average listing was 1,861 sqft.
SALEM's median square footage for active listings during the 2023-04-01 period was 1,851 sqft. One year prior, the average listing was 1,861 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 | $1,130 | $1,200 | $1,390 | $1,980 | $2,400 |
| 97020 | Salem, OR | $1,200 | $1,250 | $1,600 | $2,270 | $2,740 |
| 97026 | Salem, OR | $1,110 | $1,150 | $1,480 | $2,100 | $2,530 |
| 97032 | Salem, OR | $1,130 | $1,200 | $1,390 | $1,980 | $2,400 |
| 97071 | Salem, OR | $1,130 | $1,200 | $1,390 | $1,980 | $2,400 |
| 97101 | Salem, OR | $1,270 | $1,350 | $1,560 | $2,210 | $2,620 |
| 97137 | Salem, OR | $1,070 | $1,110 | $1,430 | $2,030 | $2,450 |
| 97301 | Salem, OR | $820 | $860 | $1,100 | $1,560 | $1,880 |
| 97302 | Salem, OR | $810 | $850 | $1,090 | $1,550 | $1,870 |
| 97303 | Salem, OR | $860 | $900 | $1,150 | $1,630 | $1,970 |
| 97304 | Salem, OR | $1,130 | $1,200 | $1,390 | $1,980 | $2,400 |
| 97305 | Salem, OR | $820 | $860 | $1,100 | $1,560 | $1,880 |
| 97306 | Salem, OR | $890 | $930 | $1,190 | $1,690 | $2,040 |
| 97307 | Salem, OR | $840 | $880 | $1,130 | $1,610 | $1,930 |
| 97308 | Salem, OR | $840 | $880 | $1,130 | $1,610 | $1,930 |
| 97309 | Salem, OR | $840 | $880 | $1,130 | $1,610 | $1,930 |
| 97310 | Salem, OR | $840 | $880 | $1,130 | $1,610 | $1,930 |
| 97317 | Salem, OR | $980 | $1,020 | $1,310 | $1,860 | $2,240 |
| 97325 | Salem, OR | $830 | $860 | $1,110 | $1,580 | $1,900 |
| 97326 | Salem, OR | $1,000 | $1,060 | $1,270 | $1,800 | $2,170 |
| 97338 | Salem, OR | $750 | $790 | $1,010 | $1,430 | $1,730 |
| 97342 | Salem, OR | $720 | $760 | $990 | $1,410 | $1,710 |
| 97344 | Salem, OR | $930 | $970 | $1,250 | $1,780 | $2,140 |
| 97346 | Salem, OR | $720 | $780 | $1,020 | $1,440 | $1,710 |
| 97347 | Salem, OR | $1,130 | $1,200 | $1,390 | $1,980 | $2,400 |
| 97350 | Salem, OR | $1,110 | $1,160 | $1,510 | $2,130 | $2,540 |
| 97351 | Salem, OR | $900 | $940 | $1,210 | $1,720 | $2,070 |
| 97352 | Salem, OR | $900 | $930 | $1,200 | $1,700 | $2,050 |
| 97358 | Salem, OR | $790 | $840 | $1,100 | $1,540 | $1,820 |
| 97360 | Salem, OR | $780 | $830 | $1,090 | $1,520 | $1,790 |
| 97361 | Salem, OR | $840 | $930 | $1,100 | $1,570 | $1,900 |
| 97362 | Salem, OR | $1,130 | $1,200 | $1,390 | $1,980 | $2,400 |
| 97370 | Salem, OR | $850 | $930 | $1,100 | $1,570 | $1,900 |
| 97371 | Salem, OR | $960 | $1,010 | $1,250 | $1,770 | $2,130 |
| 97373 | Salem, OR | $790 | $830 | $1,060 | $1,510 | $1,820 |
| 97375 | Salem, OR | $1,300 | $1,360 | $1,720 | $2,430 | $2,930 |
| 97378 | Salem, OR | $1,130 | $1,200 | $1,390 | $1,980 | $2,400 |
| 97381 | Salem, OR | $850 | $890 | $1,140 | $1,620 | $1,950 |
| 97383 | Salem, OR | $840 | $880 | $1,130 | $1,600 | $1,930 |
| 97384 | Salem, OR | $840 | $880 | $1,130 | $1,610 | $1,930 |
| 97385 | Salem, OR | $930 | $970 | $1,250 | $1,780 | $2,140 |
| 97392 | Salem, OR | $960 | $1,010 | $1,290 | $1,830 | $2,210 |
| 97396 | Salem, OR | $1,130 | $1,200 | $1,390 | $1,980 | $2,400 |
2022 Average & Median Rent Data Statistics
SALEM, OR average 1BR rent: $1,000, median: $930
SALEM, OR average 2BR rent: $1,246, median: $1,200
SALEM, OR average 3BR rent: $1,769, median: $1,700
SALEM, OR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 5,461 | $2,302,155,000 | $421,563 |
| Cash Out Refi | 2,560 | $787,830,000 | $307,746 |
| Home Improvement | 1,542 | $165,330,000 | $107,218 |
| Refi | 1,142 | $360,110,000 | $315,333 |
| Other | 1,039 | $118,535,000 | $114,086 |
| NA | 1 | $5,000 | $5,000 |
Salem's most frequently cited loan purpose was Home Purchase, with 5,461 originations. The 2nd most popular reason was Cash Out Refi, with 2,560 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 3,096 | $971,740,000 | $313,870 |
| 4-5% | 2,908 | $1,074,090,000 | $369,357 |
| 5-6% | 2,619 | $831,495,000 | $317,486 |
| 6-7% | 1,277 | $357,245,000 | $279,753 |
| 2.5-3% | 781 | $225,185,000 | $288,329 |
| 7-8% | 443 | $94,965,000 | $214,368 |
| Over 8% | 315 | $45,615,000 | $144,810 |
| <2.5% | 279 | $81,575,000 | $292,384 |
During 2022, Salem's most frequently originated rate bucket was 3-4%, with 3,096 originations.
Loan Sizing (SALEM, OR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 5,360 | $1,634,480,000 | $304,940 |
| $400k-600k | 2,108 | $979,670,000 | $464,739 |
| $100,000 or less | 1,960 | $109,790,000 | $56,015 |
| $100k-200k | 1,828 | $264,310,000 | $144,590 |
| $600k-1000k | 376 | $261,670,000 | $695,931 |
| $Over $1MM | 113 | $484,045,000 | $4,283,584 |
SALEM's loan sizing saw the bucket of loans from $200k-400k with 5,360 originations, totaling $1,634,480,000 in origination value.