Monmouth, Salem, OR
Monmouth — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Monmouth, Salem, Oregon. Explore the cited sources and local facts below while agent underwriting continues.
Last verified:
Monmouth Neighborhood Overview
Monmouth is a distinct city in Polk County, Oregon, with its own ZIP code of 97361, situated adjacent to Salem. It offers a classic small-town atmosphere with the conveniences of a larger metropolitan area nearby. The community is known for its historic charm and as the home of Western Oregon University.
Lifestyle & Amenities
Residents enjoy a quiet, community-focused lifestyle with local parks and a walkable downtown core, though its overall walkability score is 8.9 out of 20. The city provides essential amenities and hosts community events, fostering strong neighborhood connections. Its proximity to Independence, just 1.92 miles away, expands dining and shopping options.
Real Estate Market
Monmouth presents a mid-range market with a median home value of $373,000 and a median household income of $64,490. The market saw 510 mortgage originations in 2023, with conventional loans (402) being the most common. Rental options are available, with a median gross rent of $1,124 per month.
Schools & Education
The neighborhood is served by the Central School District, with Monmouth Elementary School located just 0.35 miles away. Other nearby schools include Central High School (0.96mi) and Talmadge Middle School (1mi). The presence of Western Oregon University also contributes significantly to the local educational environment.
Transportation & Connectivity
While primarily car-dependent, the city's grid layout and compact size allow for some local walking and biking. Major roads provide quick access to Salem and Interstate 5, facilitating commutes and regional travel. Public transit options connect residents to the broader Salem-Keizer area.
Why Choose Monmouth
Monmouth is ideal for those seeking an affordable, community-oriented city with a strong educational presence from K-12 through university. Its stable mid-range real estate market offers good value for both homeowners and renters. The blend of historic character, academic energy, and proximity to Salem creates a uniquely balanced living environment.
Monmouth Market Data
| Metric | Value |
|---|---|
| Median Home Price | $373K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $64K |
| Homeownership Rate | 52.7% |
| Renter-Occupied | 47.3% |
| Rental Vacancy Rate | 2.5% |
| Market Type | Seller's |
| Market Tier | Mid-Range |
| Primary ZIP Code | 97361 |
| Mortgage Originations (2023 HMDA) | |
| Total Mortgage Originations | 510 |
| VA Loan Originations | 27 |
| VA Loan Share | 5.3% |
| Conventional Loan Originations | 402 |
| FHA Loan Originations | 81 |
Top Real Estate Agents in Monmouth, Salem
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Monmouth, Salem, OR. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Oregon Real Estate Agency (OREA) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2023
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-13