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Salem, OR Residential Land & Home Lots for Sale

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Keizer, OR Turner, OR Brooks, OR Aumsville, OR Jefferson, OR Independence, OR Klamath Falls, OR Silverton, OR
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Development Land in South Salem
Updated: May 18
Development Land in South Salem

Maplewood Dr S, Salem, OR 97302

$950,000
5.83 AC lot
5.83 acres of prime development land
Zoned RS, allowing for residential development
Located in desirable South Salem
Minutes from Sprague High School
Excellent development potential
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Build-Ready Agricultural Land
Updated: Mar 9
Build-Ready Agricultural Land

3154 Kwonesum Ct S, Salem, OR 97306

$599,000
5.37 AC lot
5.17‑acre ready‑to‑build property at the end of a cul‑de‑sac
Septic approved for on‑site wastewater
Water source: well
Forest and pasture with lots of usable ground
Views from the property include the Willamette Valley below, Mary’s Peak, and the Coast Range
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45 Acres of Scenic Land
45 Acres of Scenic Land

TA 536193 Riverside Rd S, Salem, OR 97306

$795,000
45.00 AC lot

Rolling hills, pasture, and forest land with potential home sites.

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See what stands out in Marion County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in
NOI available after sign in
Local Demand available after sign in
Land
Land

765 Judson St SE, Salem, OR 97302

$149,900
5,227 sqft

Residential land & home lots · 5,227 SF

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Residential Lot in South Salem
Residential Lot in South Salem

3240 Cooke St S, Salem, OR 97302

$175,000
0.31 AC lot

A .31-acre lot ready for your dream home.

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Flat Buildable Acreage with Utilities
Flat Buildable Acreage with Utilities

2531 Ballyntyne Rd S, Salem, OR 97302

$449,900
5.00 AC lot

Flat, usable 5-acre parcel in Salem zoned AR with natural gas and PG&E infrastructure available.

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South Salem 5-Acre Land Parcel
South Salem 5-Acre Land Parcel

1 Ballyntyne Rd, Salem, OR 97302

$495,000
5.00 AC lot

Flat, usable land in South Salem with building possibilities.

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West Salem Multifamily Development Opportunity
West Salem Multifamily Development Opportunity

2001 Wallace Rd NW |, Salem, OR 97304

$1,975,000
9 sqft

Two parcels totaling 9 acres with multifamily development potential.

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Residential Lot in Creekside Estates
Residential Lot in Creekside Estates

535 Sahalee Dr SE, Salem, OR 97306

$190,000
0.33 AC lot

Residential lot with golf course views and community amenities.

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Salem View Lot Ready to Build
Salem View Lot Ready to Build

Parcel 2 Doaks Ferry Rd NW, Salem, OR 97304

$164,900
0.21 AC lot

Large lot with northern views and stubbed utilities.

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Residential Building Lot
Residential Building Lot

850 La Cresta Ct SE, Salem, OR 97306

$60,000
11,761 sqft 0.27 AC lot

Residential lot in Ironwood Estates with utilities available at the street and gently sloped topography.

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Bare Land, Salem, OR
Bare Land, Salem, OR

Best Rd NW lot: 2B, Salem, OR 97304

$719,900
5.00 AC lot

Residential land & home lots · 5.00 Acres

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Bare Land, Salem, OR
Bare Land, Salem, OR

Best Rd NW lot: 2A, Salem, OR 97304

$699,900
5.00 AC lot

Land · 5.00 Acres

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Multi-Family
Multi-Family

1370 SE Leslie ST, Salem, OR 97301

$145,000
999 sqft

Residential land & home lots · 999 SF

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Bare Land, Salem, OR
Bare Land, Salem, OR

Best Rd NW lot: 1B, Salem, OR 97304

$639,900
5.00 AC lot

Residential land & home lots · 5.00 Acres

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Bare Land, Salem, OR
Bare Land, Salem, OR

Best Rd NW lot: 3A, Salem, OR 97304

$749,900
5.00 AC lot

Residential land & home lots · 5.00 Acres

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Residential Home Lot Land
Residential Home Lot Land

1778 Sunburst Terrace NW, Salem, OR 97304

$119,900
1,860 sqft 0.16 AC lot

Residential land and home lot available for sale at 1778 Sunburst Ter NW in Salem, Oregon.

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Bare Land, Salem, OR
Bare Land, Salem, OR

Best Rd NW lot: 3B, Salem, OR 97304

$739,900
5.00 AC lot

Residential land & home lots · 5.00 Acres

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Buildable Rural Home Lot with Services
Buildable Rural Home Lot with Services

0 55th Avenue NW, Salem, OR 97304

$340,000
2.00 AC lot

Buildable lot with water at the street and septic approval for a new home near Hwy 22 access.

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Bare Land, Salem, OR
Bare Land, Salem, OR

360 King St S, Salem, OR 97302

$425,000
0.42 AC lot

Land · 0.42 Acres

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Residential Flag Lot with Septic Approval
Residential Flag Lot with Septic Approval

2-6615 Elmhurst Ave S, Salem, OR 97306

$350,000
2.18 AC lot

2.18-acre flag lot with a cleared homesite, seasonal stream, and septic approval ready for residential development.

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Bare Land, Salem, OR
Bare Land, Salem, OR

Best Rd NW lot: 1A, Salem, OR 97304

$499,900
5.00 AC lot

Residential land & home lots · 5.00 Acres

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2-Acre Buildable Lot in Salem
2-Acre Buildable Lot in Salem

TA 228833 55th Av NW, Salem, OR 97304

$340,000
2.00 AC lot

Buildable 2-acre lot with water access and septic approval.

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Land, Salem, OR
Land, Salem, OR

2468 Morrow Ct NW, Salem, OR 97304

$109,900
0.87 AC lot

Land · 0.87 Acres

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Salem, OR Residential Land & Home Lots Market Trends and Statistics

Explore 62 residential land & home lots for sale in Salem, OR, showcased through 62 active listings on our real estate platform. These investment opportunities span a total of 6,825,684 square feet of properties for sale, with an estimated market value of $30,100,598.

Sale prices for home sites in Salem, OR start at $60,000, averaging $493,452, and reaching up to $3,700,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Residential land & home lots 49
Commercial land 37
Industrial land 19
Agricultural land / Farmland 13
Waterfront Land 6

Demographics Overview

Population 279K
Population Growth (5Y) +5.0%
Median Household Income $76,436
College Educated 19.3%

High-Yield Neighborhoods for Investment

Identify Salem submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
97305 $145K
97306 $374.4K
97302 $483.4K
97304 $613.8K
97317 $1.2M

Taxes & Financing

Tax Rate (average for all types) 1.85%
Property Tax per SF $20.84 per SF
Tax Rate vs County Average 0.05 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Marion County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Marion County

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Salem fall within the under-1-acre range.

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