Salemtowne, Salem, OR
Salemtowne — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Salemtowne, Salem, Oregon. Explore the cited sources and local facts below while agent underwriting continues.
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Salemtowne Neighborhood Overview
Salemtowne is a residential neighborhood in Salem, Oregon, located in the 97304 ZIP code within Polk County. It offers a quiet, family-oriented atmosphere with convenient access to the amenities of West Salem and greater Salem. The area is characterized by its established homes and a strong sense of community.
Lifestyle & Amenities
The neighborhood provides a suburban lifestyle with a walkability score of 9.8 out of 20, indicating most errands require a car. Residents enjoy proximity to several nearby neighborhoods, including West Salem, Highland, and Keizer, which offer shopping and dining options. Its location provides a balance of residential tranquility and urban accessibility.
Real Estate Market
Salemtowne is an upper mid-tier market with a median home value of $426,900 and a median household income of $85,908. The 2023 mortgage data shows robust activity with 796 originations, predominantly conventional loans, indicating a stable and active housing sector. The median gross rent is $1,332 per month.
Schools & Education
Families in Salemtowne are served by several highly accessible schools, including Brush College Elementary School just 0.39 miles away. Students typically advance to Straub Middle School and West Salem High School, both within a short commute. Multiple other elementary school options, like Kalapuya and Harritt, are also within a mile.
Transportation & Connectivity
While primarily car-dependent, the neighborhood's central location provides quick connections to major routes into downtown Salem and across the Willamette River. Its connectivity to nearby commercial hubs in West Salem and Keizer makes commuting and running errands straightforward. The walkability index suggests some pedestrian-friendly areas within the community.
Why Choose Salemtowne
Salemtowne is an excellent choice for families and professionals seeking a stable, established community with strong schools and a solid real estate market. Its combination of quiet streets, community feel, and economic stability makes it a desirable part of the Salem area. The neighborhood offers a practical and comfortable Pacific Northwest lifestyle.
Salemtowne Market Data
| Metric | Value |
|---|---|
| Median Home Price | $427K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $86K |
| Homeownership Rate | 64.2% |
| Renter-Occupied | 35.8% |
| Rental Vacancy Rate | 3.6% |
| Market Type | Seller's |
| Market Tier | Upper Mid |
| Primary ZIP Code | 97304 |
| Mortgage Originations (2023 HMDA) | |
| Total Mortgage Originations | 796 |
| VA Loan Originations | 50 |
| VA Loan Share | 6.3% |
| Conventional Loan Originations | 653 |
| FHA Loan Originations | 93 |
Top Real Estate Agents in Salemtowne, Salem
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Salemtowne, Salem, OR. Explore the available cited neighborhood data on this page.
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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