5324 Faith Ave

Salem, OR 97305

3 bd 2 ba 1,703 sqft Built 2023 Lot 7,840 sqft single_family

Most recent sale

$450,000

Apr 8, 2024

Location

Timeline: Sale, Listing & Tax History

Recorded events

Date	Event	Price	Source
Apr 8, 2024	Sold	$450,000	RMLS
Mar 12, 2024	Listed	$450,000	Willamette

Tax assessment history

Year	Building	Land	Total assessed	Tax paid
2022	—	—	$46,030	$514
2021	—	$32,770	$32,770	$359

Property facts

Year built

2023

Property type

single_family

Stories

Beds

Baths

Living area

1,703 sqft

Lot size

7,840 sqft

ZIP code

97305

City

Salem

Street

Faith Ave

Coordinates

45.05436, -122.95133

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

5323 Faith Ave

3bd 1,863sqft

No recent sale on file

Investment analysis

Estimates based on local averages — not personalized advice

Estimated monthly rent

$3,406

Gross rental yield

9.08%

Implied cap rate

5.90%

Trend-extrapolated value

—

Frequently asked questions

When did 5324 Faith Ave last sell?

5324 Faith Ave most recently sold on Apr 8, 2024 for $450,000.

What is the current tax assessment for 5324 Faith Ave?

The most recent total assessment for 5324 Faith Ave (year 2022) is $46,030 with $514 in property tax.

How does 5324 Faith Ave's assessment compare to its last sale price?

The current assessment is 89.8% below the last sale price of $450,000.

When was 5324 Faith Ave built?

5324 Faith Ave was built in 2023.

How does 5324 Faith Ave compare to others on Faith Ave?

We track 8 other properties on Faith Ave. Browse the list under "Other properties on Faith Ave" to compare beds, baths, and sale history.

What are the property facts for 5324 Faith Ave?

5324 Faith Ave is a 3 bed, 2 bath, 1,703 sqft, 7,840 sqft lot single_family.

Is 5324 Faith Ave a flip candidate?

No — 5324 Faith Ave does not appear in our flips dataset.

Is 5324 Faith Ave a tax-appeal candidate?

No — 5324 Faith Ave is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation

Quarterly trend

+3.3%

Implied 1-yr

+13.2%

2026 Q3

$469.8K

2026 Q4

$482.5K

ZIP 97305 — Median Price History + Forecast

Linear regression on last 12 quarters of weighted-median sale price. Confidence band ±$79.5K. This is a ZIP-area forecast used as a neighborhood proxy — not a per-property automated valuation.

Explore nearby

Geography

Other properties on Faith Ave