T-RECS
powered by ResiShares
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 hereWhere willrank amongst housing markets for price growth?
Salem, OR
State
Oregon
Region
West
2021 Population
436,283
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 104,257 homes | 28th |
| Home Price | $428,199 | 78th |
| Price Per sqft | $270/sqft | 80th |
| Lot Size | 0.18 acre(s) | 24th |
| Home Size | 1,593 sqft | 47th |
| 2 Year Price Growth | +6.30% | 26th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 46 years | 43rd |
Population Age | 0 years | 72nd |
| Household Size | 2.62 people | 83rd |
| Economics | Percentile | |
|---|---|---|
| Household Income | $72,150 | 55th |
| 2 Year Household Income Growth | +9.86% | 45th |
Unemployment Rate | 4.30% | 41st |
2 Year Unemployment Rate Difference | -1.65% | 83rd |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 50th |
| Population Growth Score | 19th |
| Price Growth Score | 76th |
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.
Virginia Beach-Norfolk-Newport News, VA-NC
Year: 2016
Similarity Score: 86
2.
Fresno, CA
Year: 2017
Similarity Score: 84
3.
San Diego-Chula Vista-Carlsbad, CA
Year: 2015
Similarity Score: 84
4.
Chicago-Naperville-Elgin, IL-IN-WI
Year: 2015
Similarity Score: 84
5.
Tucson, AZ
Year: 2017
Similarity Score: 84
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 104,257 homes | 28th |
| Home Price | $428,199 | 78th |
| Price Per sqft | $270/sqft | 80th |
| Lot Size | 0.18 acre(s) | 24th |
| Home Size | 1,593 sqft | 47th |
| 2 Year Price Growth | +6.30% | 26th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 46 years | 43rd |
Population Age | 0 years | 72nd |
| Household Size | 2.62 people | 83rd |
| Economics | Percentile | |
|---|---|---|
| Household Income | $72,150 | 55th |
| 2 Year Household Income Growth | +9.86% | 45th |
Unemployment Rate | 4.30% | 41st |
2 Year Unemployment Rate Difference | -1.65% | 83rd |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 50th |
| Population Growth Score | 19th |
| Price Growth Score | 76th |