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Marion County, OR

Salem

RANK #673 / 996 NAT  ·  #10 / 18 OR  ·  POP 345,815

1YR FORECAST: -0.3%

5YR OUTLOOK: +20%

Our model projects Marion County's housing market at -0.3% over the next year, underperforming most U.S. counties.

[01] Why Marion County?

Silver Falls State Park, often called the "crown jewel" of Oregon's state parks, is a notable feature of Marion County, Oregon, located in the heart of the Willamette Valley. The county seat, Salem, is also the state capital and one of the valley's oldest cities. Marion County stretches from the Willamette River to the Cascade Mountains, covering nearly 1,200 square miles. Most residents can reach the Pacific beaches in under two hours. The region offers extensive outdoor recreation, including hiking, fishing, biking, and boating, with numerous parks, rivers, and lakes. The Trail of Ten Falls at Silver Falls State Park is a popular hiking destination.

Life in Marion County is characterized by a mix of urban and rural living options. The county's economy is supported by agriculture, food processing, manufacturing, and the public sector, with the state of Oregon being a major employer due to Salem's status as the capital. Recent economic developments include efforts to expand rural broadband connectivity and support local businesses, including those in manufacturing and food processing. Commute options within the county and to nearby areas are available through Cherriots Regional bus services. The county also has a variety of public and private K-12 schools and several higher education institutions within a 30-mile radius.

[02] Market Snapshot

Housing Ratio
6.6x

Above national median (4.7x)

GDP Growth
+3.1%

Above national median

Home Prices
+0.2%

Well below national median

Climate & Terrain
3.5

Favorable climate & terrain

Price/Rent
18x

Above national median (13x)

Housing is fairly valued at 6.6x relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    State of Oregon Government
    10,000+
  2. 2
    Salem Health Healthcare
    5,000+
  3. 3
    Salem-Keizer School District Education
    2,500+
  4. 4
    Marion County Government
    1,000+
  5. 5
    City of Salem Government
  6. 6
    Chemeketa Community College Education
  7. 7
    Amazon Fulfillment Center Logistics
  8. 8
    State Accident Insurance Fund (SAIF) Finance
  9. 9
    Walmart Retail
  10. 10
    T-Mobile Technology

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Marion County U.S. National

The Numbers

DEMOGRAPHICS
Population
345,815
+0.52% YoY
Median Household Income
$70,926
Median Home Value
$352,500
+0.19% 12mo
Median Rent
$1,228
Average Annual Pay
$62,787
+5.4% YoY
Employment
171,271
+1.9% YoY
Income-to-Home-Value
0.2012
Near national average
Migration Inflow
3.92%
of pop. from another state
Bachelor's Degree+
25.0%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$462,000
Days on Market
87
Slower market
Months of Supply
4.1
Balanced market
Sale-to-List Ratio
98.5%
Near asking price
Sold Above List
22.6%
Listings w/ Price Drops
24.6%
Building Permits (2024)
1,682
Single-Family Permits
843

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B
SAFETY
GRADE
Homicide Rate
3.1
per 100K · nat avg 6.3
Firearm Fatalities
12.4
per 100K · nat avg 14.8
Injury Deaths
82.4
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
36.7
Good
Good Air Days
73%
802 of 1,093 days
Unhealthy+ Days (3yr)
11
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
36
2022
36
2023
38
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$1,050M
TOTAL
PROJECT AMOUNT STATUS
Amazon Fulfillment Center (PDX8)
Amazon
$500M Operating
Proposed Data Center Campus
Undisclosed (Stream Data Center mentioned in news)
$500M Proposed
Marion County Solar Portfolio (multiple projects)
Various (e.g., Bighorn Solar, Adapture Renewables, Neighborhood Power Corp.)
$50M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +3.1% 57 percentile
Population Growth +0.5% 53 percentile
Income Growth +9.3% 69 percentile
Vacancy Rate 1.0% 58 percentile
Home Price Change +0.2% 33 percentile
Rent Growth +0.9% 18 percentile
Price/Rent 18x 15 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Marion County, OR a good place to move to?

At 32/100, Marion County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $70,926 combined with job growth of +1.9% suggests the local economy is struggling to keep pace with national trends.

Is Marion County affordable?

Marion County leans toward the expensive side. A median home value of $352,500 against an income-to-home-value ratio of 0.20 means housing eats a bigger share of local earnings than the national norm. Renters face $1,228/month on average.

Is Marion County growing or shrinking?

Marion County is growing on multiple fronts. Population is up +0.5% year-over-year while employers added jobs at a +1.9% clip. Home values shifted +0.2% in the past year.

Are people moving to Marion County?

There's a moderate stream of newcomers. About 3.92% of residents moved from another state, which is above average and suggests Marion County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Clackamas County, OR 32 Multnomah County, OR 29 Josephine County, OR 29 Douglas County, OR 36 Umatilla County, OR 22 Yamhill County, OR 44 Rutherford County, TN 32 Rockland County, NY 32