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T-RECS
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Trended Real Estate Comparison Scores (T-RECS) compare current real estate markets with their closest analogs in history, to project their most probable trajectories going forward.

Read more about our T-RECS model here
Where will
rank amongst housing markets for price growth?

Salem, OR
State
Oregon
Region
West
2021 Population
436,283
Map location of Salem, OR
Market Details
Percentile
Housing Population122,759 homes
29th
Home Price$415,333
77th
Price Per sqft$264/sqft
81st
Lot Size0.18 acre(s)
22nd
Home Size1,592 sqft
51st
2 Year Price Growth+22.04%
70th
Demographics
Percentile
Home Age
46 years
41st
Population Age
37 years
72nd
Household Size2.68 people
85th
Economics
Percentile
Household Income$65,665
50th
2 Year Household Income Growth-0.04%
7th
Unemployment Rate
5.40%
56th
2 Year Unemployment Rate Difference
-0.70%
92nd
ResiShares Market Factors
Percentile
Economic Growth Score
86th
Population Growth Score
30th
Price Growth Score
8th
Projected Annual Growth Percentile

Across the top 200 markets by population

3 Year Projected Rank:

59 / 200 ( 71st %tile )
Top 5 Historical T-RECS Matched Markets

1.

Pensacola-Ferry Pass-Brent, FL

Year: 2018

Similarity Score: 87

2.

St. Louis, MO-IL

Year: 2020

Similarity Score: 86

3.

Indianapolis-Carmel-Anderson, IN

Year: 2012

Similarity Score: 86

4.

Springfield, MA

Year: 2019

Similarity Score: 85

5.

Winston-Salem, NC

Year: 2012

Similarity Score: 85

Market Details
Percentile
Housing Population122,759 homes
29th
Home Price$415,333
77th
Price Per sqft$264/sqft
81st
Lot Size0.18 acre(s)
22nd
Home Size1,592 sqft
51st
2 Year Price Growth+22.04%
70th
Demographics
Percentile
Home Age
46 years
41st
Population Age
37 years
72nd
Household Size2.68 people
85th
Economics
Percentile
Household Income$65,665
50th
2 Year Household Income Growth-0.04%
7th
Unemployment Rate
5.40%
56th
2 Year Unemployment Rate Difference
-0.70%
92nd
ResiShares Market Factors
Percentile
Economic Growth Score
86th
Population Growth Score
30th
Price Growth Score
8th