Central Area, OR Housing Market

$366,271

13.3% 1-yr

The average Central Area, OR home value is $366,271, down 13.3% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Central Area Key Takeaways

Typical Home Values: $366,271

1-year Value Change: -13.3%

(Data through March 31, 2025)

Central Area Housing Market Overview

--1-year Market Forecast

--For sale inventory(March 31, 2025)

--New listings(March 31, 2025)

--Median sale to list ratio

--Median sale price(February 28, 2025)

--Median list price(March 31, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Neighborhoods

NameMedian ZHVI
Grant$355,740
Northeast Neighbors$361,627
South Central$416,015
Highland$331,050
Southeast Salem$327,400
North East Salem$370,856
Lansing$368,721
West Salem$482,560
East Lancaster$379,243

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Central Area Rental Market Trends

--Average rent in Central Area

$2,005National average rent(March 31, 2025)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.