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 | 122,754 homes | 29th |
| Home Price | $408,583 | 77th |
| Price Per sqft | $260/sqft | 79th |
| Lot Size | 0.18 acre(s) | 23rd |
| Home Size | 1,600 sqft | 56th |
| 2 Year Price Growth | +21.74% | 58th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 47 years | 41st |
Population Age | 37 years | 72nd |
| Household Size | 2.68 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 | 85th |
| Population Growth Score | 28th |
| Price Growth Score | 9th |
Projected Annual Growth Percentile
Across the top 200 markets by population
3 Year Projected Rank:
140 / 200 ( 30th %tile )Top 5 Historical T-RECS Matched Markets
1.
Harrisburg-Carlisle, PA
Year: 2011
Similarity Score: 87
2.
Providence-Warwick, RI-MA
Year: 2016
Similarity Score: 87
3.
Indianapolis-Carmel-Anderson, IN
Year: 2012
Similarity Score: 86
4.
Madison, WI
Year: 2010
Similarity Score: 86
5.
Lancaster, PA
Year: 2016
Similarity Score: 86
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 122,754 homes | 29th |
| Home Price | $408,583 | 77th |
| Price Per sqft | $260/sqft | 79th |
| Lot Size | 0.18 acre(s) | 23rd |
| Home Size | 1,600 sqft | 56th |
| 2 Year Price Growth | +21.74% | 58th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 47 years | 41st |
Population Age | 37 years | 72nd |
| Household Size | 2.68 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 | 85th |
| Population Growth Score | 28th |
| Price Growth Score | 9th |