Cities with the most expensive homes in the Salem metro area

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.

The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

compiled a list of cities with the most expensive homes in the Salem metro area using data from . Charts show the monthly typical home value since January 2018. All 25 cities and towns with data available were included in the list.

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1 / 25

#25. Falls City, OR

- Typical home value: $354,147
- 1-year price change: +0.3%
- 5-year price change: +20.1%

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2 / 25

#24. Sheridan, OR

- Typical home value: $398,522
- 1-year price change: -0.4%
- 5-year price change: +10.6%

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3 / 25

#23. Woodburn, OR

- Typical home value: $424,089
- 1-year price change: +0.5%
- 5-year price change: +9.9%

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4 / 25

#22. Independence, OR

- Typical home value: $425,503
- 1-year price change: +2.1%
- 5-year price change: +18.5%

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5 / 25

#21. Gervais, OR

- Typical home value: $429,210
- 1-year price change: +1.9%
- 5-year price change: +15.1%

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6 / 25

#20. Salem, OR

- Typical home value: $435,095
- 1-year price change: +0.4%
- 5-year price change: +12.0%

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7 / 25

#19. Detroit, OR

- Typical home value: $438,129
- 1-year price change: +4.5%
- 5-year price change: +10.9%

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8 / 25

#18. Keizer, OR

- Typical home value: $447,557
- 1-year price change: +0.2%
- 5-year price change: +10.0%

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9 / 25

#17. Jefferson, OR

- Typical home value: $459,531
- 1-year price change: -0.6%
- 5-year price change: +11.8%

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10 / 25

#16. Donald, OR

- Typical home value: $463,051
- 1-year price change: -2.5%
- 5-year price change: +12.2%

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11 / 25

#15. Stayton, OR

- Typical home value: $464,259
- 1-year price change: +1.2%
- 5-year price change: +13.8%

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12 / 25

#14. Grand Ronde, OR

- Typical home value: $467,474
- 1-year price change: +2.3%
- 5-year price change: +16.8%

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13 / 25

#13. Monmouth, OR

- Typical home value: $475,714
- 1-year price change: +2.0%
- 5-year price change: +16.8%

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14 / 25

#12. Dallas, OR

- Typical home value: $477,214
- 1-year price change: +1.5%
- 5-year price change: +16.1%

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15 / 25

#11. Mount Angel, OR

- Typical home value: $477,818
- 1-year price change: +0.2%
- 5-year price change: +10.7%

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16 / 25

#10. Hubbard, OR

- Typical home value: $486,786
- 1-year price change: -1.4%
- 5-year price change: +10.7%

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17 / 25

#9. Aumsville, OR

- Typical home value: $492,091
- 1-year price change: +0.8%
- 5-year price change: +14.5%

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18 / 25

#8. Lyons, OR

- Typical home value: $497,169
- 1-year price change: +4.1%
- 5-year price change: +19.4%

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19 / 25

#7. Silverton, OR

- Typical home value: $550,032
- 1-year price change: -0.5%
- 5-year price change: +15.8%

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20 / 25

#6. Sublimity, OR

- Typical home value: $576,768
- 1-year price change: +0.8%
- 5-year price change: +16.5%

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21 / 25

#5. Turner, OR

- Typical home value: $577,316
- 1-year price change: +1.9%
- 5-year price change: +17.3%

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22 / 25

#4. Saint Paul, OR

- Typical home value: $589,061
- 1-year price change: +0.8%
- 5-year price change: +11.6%

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23 / 25

#3. Scotts Mills, OR

- Typical home value: $633,958
- 1-year price change: +0.6%
- 5-year price change: +10.9%

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24 / 25

#2. Aurora, OR

- Typical home value: $676,895
- 1-year price change: +0.2%
- 5-year price change: +12.5%

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25 / 25

#1. Rickreall, OR

- Typical home value: $717,118
- 1-year price change: +2.1%
- 5-year price change: +8.7%

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