Central Area, OR Housing Market

$370,281

10.9% 1-yr

The average Central Area, OR home value is $370,281, down 10.9% 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: $370,281

1-year Value Change: -10.9%

(Data through June 30, 2025)

Central Area Housing Market Overview

--1-year Market Forecast

--For sale inventory(June 30, 2025)

--New listings(June 30, 2025)

--Median sale to list ratio

--Median sale price(May 31, 2025)

--Median list price(June 30, 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$357,377
Northeast Neighbors$371,397
South Central$424,661
Highland$340,847
Southeast Salem$334,422
North East Salem$381,797
Lansing$371,362
West Salem$493,326
East Lancaster$388,439

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Central Area Rental Market Trends

--Average rent in Central Area

$2,069National average rent(June 30, 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.