Cities with the fastest growing home prices in Salem metro area

Written by:
November 23, 2022
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Cities with the fastest growing home prices in Salem metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Salem, OR metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 26 cities and towns with data available were included in the list.

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#26. Detroit, Detroit

- 1-year price change: $-37,692 (-15.0%)
- 5-year price change: +$11,971 (+5.9%)
- Typical home value: $213,339 (#26 most expensive city in metro)
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#25. Scotts Mills, Scotts Mills

- 1-year price change: +$29,331 (+5.2%)
- 5-year price change: +$241,976 (+68.8%)
- Typical home value: $593,830 (#3 most expensive city in metro)
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#24. Mount Angel, Mount Angel

- 1-year price change: +$35,099 (+8.3%)
- 5-year price change: +$170,853 (+59.6%)
- Typical home value: $457,515 (#14 most expensive city in metro)
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#23. Woodburn, Woodburn

- 1-year price change: +$37,019 (+9.4%)
- 5-year price change: +$169,693 (+65.4%)
- Typical home value: $429,303 (#20 most expensive city in metro)
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#22. Keizer, Keizer

- 1-year price change: +$37,607 (+9.2%)
- 5-year price change: +$174,974 (+64.3%)
- Typical home value: $446,920 (#17 most expensive city in metro)

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#21. Hubbard, Hubbard

- 1-year price change: +$38,026 (+8.5%)
- 5-year price change: +$174,677 (+55.8%)
- Typical home value: $487,871 (#9 most expensive city in metro)
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#20. Hayesville, Hayesville

- 1-year price change: +$38,308 (+10.3%)
- 5-year price change: +$175,021 (+74.2%)
- Typical home value: $410,760 (#23 most expensive city in metro)
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#19. Gervais, Gervais

- 1-year price change: +$38,936 (+10.2%)
- 5-year price change: +$177,652 (+73.0%)
- Typical home value: $421,016 (#21 most expensive city in metro)
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#18. Aumsville, Aumsville

- 1-year price change: +$39,878 (+9.6%)
- 5-year price change: +$186,616 (+69.3%)
- Typical home value: $455,929 (#16 most expensive city in metro)
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#17. Sheridan, Sheridan

- 1-year price change: +$40,522 (+11.3%)
- 5-year price change: +$183,087 (+85.0%)
- Typical home value: $398,552 (#24 most expensive city in metro)

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#16. Salem, Salem

- 1-year price change: +$43,411 (+10.9%)
- 5-year price change: +$181,629 (+70.3%)
- Typical home value: $439,869 (#18 most expensive city in metro)
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#15. Grand Ronde, Grand Ronde

- 1-year price change: +$43,725 (+9.9%)
- 5-year price change: +$225,790 (+86.5%)
- Typical home value: $486,913 (#10 most expensive city in metro)
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#14. Jefferson, Jefferson

- 1-year price change: +$44,092 (+11.3%)
- 5-year price change: +$184,208 (+73.9%)
- Typical home value: $433,323 (#19 most expensive city in metro)
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#13. Stayton, Stayton

- 1-year price change: +$44,191 (+10.6%)
- 5-year price change: +$186,566 (+68.3%)
- Typical home value: $459,646 (#13 most expensive city in metro)
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#12. Donald, Donald

- 1-year price change: +$50,035 (+11.9%)
- 5-year price change: +$184,419 (+64.3%)
- Typical home value: $471,033 (#11 most expensive city in metro)

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#11. Dallas, Dallas

- 1-year price change: +$51,332 (+12.5%)
- 5-year price change: +$193,340 (+71.9%)
- Typical home value: $462,261 (#12 most expensive city in metro)
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#10. Falls City, Falls City

- 1-year price change: +$51,778 (+17.0%)
- 5-year price change: +$190,416 (+114.8%)
- Typical home value: $356,323 (#25 most expensive city in metro)
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#9. Turner, Turner

- 1-year price change: +$52,017 (+10.9%)
- 5-year price change: +$222,929 (+72.7%)
- Typical home value: $529,762 (#6 most expensive city in metro)
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#8. Silverton, Silverton

- 1-year price change: +$53,310 (+11.2%)
- 5-year price change: +$212,941 (+67.2%)
- Typical home value: $529,616 (#7 most expensive city in metro)
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#7. Sublimity, Sublimity

- 1-year price change: +$53,375 (+10.5%)
- 5-year price change: +$207,064 (+58.1%)
- Typical home value: $563,542 (#5 most expensive city in metro)

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#6. Independence, Independence

- 1-year price change: +$54,408 (+15.2%)
- 5-year price change: +$181,584 (+78.4%)
- Typical home value: $413,059 (#22 most expensive city in metro)
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#5. Rickreall, Rickreall

- 1-year price change: +$55,474 (+8.4%)
- 5-year price change: +$285,687 (+66.5%)
- Typical home value: $715,368 (#2 most expensive city in metro)
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#4. Monmouth, Monmouth

- 1-year price change: +$57,700 (+14.4%)
- 5-year price change: +$189,806 (+70.9%)
- Typical home value: $457,514 (#15 most expensive city in metro)
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#3. Lyons, Lyons

- 1-year price change: +$62,213 (+13.9%)
- 5-year price change: +$210,958 (+70.4%)
- Typical home value: $510,751 (#8 most expensive city in metro)
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#2. Saint Paul, Saint Paul

- 1-year price change: +$66,667 (+13.0%)
- 5-year price change: +$244,189 (+72.7%)
- Typical home value: $580,216 (#4 most expensive city in metro)

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#1. Aurora, Aurora

- 1-year price change: +$73,620 (+11.3%)
- 5-year price change: +$256,147 (+54.3%)
- Typical home value: $727,687 (#1 most expensive city in metro)

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