The Most Affordable Neighborhoods in Southeast Mill Creek, Salem, OR by Home Value

 

Southeast Mill Creek, Salem, OR Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Southeast Mill Creek area can be challenging. Home prices in Southeast Mill Creek are now at a median cost of $421,229, higher than the Salem average of $313,463.

The average cost of rent is $1,254/mo in Southeast Mill Creek, primarily driven by the current value of real estate in the Southeast Mill Creek area. While nearly 13.73% of residents own their homes outright in Southeast Mill Creek, 27.03% rent.

Housing affordability isn’t just about home prices, though. The average household income in Southeast Mill Creek is $12,532 per month. Households that rent pay about 10.00% of their income on rent here. Southeast Mill Creek's most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the neighborhood.


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