
South Gateway, OR Housing Market
$490,400
0.5% 1-yrThe average South Gateway, OR home value is $490,400, down 0.5% over the past year, and homes go to pending in around 26 days. (Updated on )
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.
South Gateway Key Takeaways
Typical Home Values: $490,400
1-Year Value Change: -0.5%
(Data through August 31, 2026)
South Gateway Housing Market Overview
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Nearby Neighborhoods
- NameMedian ZHVI
- Faye Wright$422,037
- Morningside$455,148
- Sunnyslope$458,684
- Southeast Mill Creek$404,936
- Southwest$523,161
- South Central$418,986
- Southeast Salem$325,422
- Central Area$341,410
- Four Corners$393,280
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
South Gateway Rental Market Trends
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are the most expensive neighborhoods in Salem, OR?
The neighborhoods with the highest median home values in Salem, OR include: Southwest ($523,161), South Gateway ($490,400), West Salem ($483,865), Sunnyslope ($458,684), Morningside ($455,148).
What are the most affordable neighborhoods in Salem, OR?
The neighborhoods with the lowest median home values in Salem, OR include: Southeast Salem ($325,422), Highland ($340,166), Central Area ($341,410), Grant ($348,215), Lansing ($365,528).
Which Salem, OR neighborhoods have the fastest growing home values?
Neighborhoods with the highest year-over-year value growth in Salem, OR include: East Lancaster (1.2%), Faye Wright (0.9%), West Salem (0.9%), Southeast Mill Creek (0.6%), Sunnyslope (0.5%).


