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Single Family ResidenceResidential
$288,884$325 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 97How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026

1040 ELECTRIC AVE SE

SALEM, OR 97302
2
Beds
1
Baths
888 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.16 ac
Lot SizeThe size of the land the home sits on, from county records.
1930
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

$289K
$280K low$298K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,593 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$126,210 (2025)
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$122,540
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$296,030

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.5 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.34%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyMarion
Lot (acres)The size of the land the home sits on, from county records.0.16
RoofThe main material covering the roof, such as asphalt shingle or tile.Roll Composition (rolled Mineral Roof)
HeatingThe type of heating system in the home.Forced Air
GarageWhether the property has a garage, and details like whether it is attached to the home.Carport (Unspecified)
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Deck · 140 ft²Patio · 112 ft²

Transaction History(2)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

H
South Salem High SchoolD+
High · Grades 9–12 · 0.3 mi
E
McKinley Elementary SchoolC+
Elementary · Grades KG–5 · 0.4 mi
M
Leslie Middle SchoolC-
Middle · Grades 6–8 · 1.5 mi

District: Salem-Keizer School District 24j

Neighborhood · ZIP 97302These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.121
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.105
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.164

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.26%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.11%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.41,979
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,708 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$80,069
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$103,288
Average tempThe average temperature here across a full year.52°F
Annual precipHow much rain and melted snow falls here in a typical year.45 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.48%

Owner Tools

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

1040 Electric Ave Se measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 97% of homes in Salem 97302
  • Costs more per square foot than 85% of homes in Salem 97302
  • Smaller than 96% of homes in Salem 97302
  • Has a smaller lot than 71% of homes in Salem 97302
  • Older than 92% of homes in Salem 97302

What homes are worth in Salem 97302

Each bar is how many homes fall in that price range. The marker is this home.

This home
$273K$1.2M

This home is worth more than 3% of homes in Salem 97302.

How it measures up in Salem 97302

The dot is this home. The mark in the middle is the typical home in Salem 97302.

Estimated value$288,884
CheaperTypical $464,295Pricier

Pricier than 3% of homes nearby

Price per ft²$325
CheaperTypical $271Pricier

Pricier than 85% of homes nearby

Living area888 ft²
SmallerTypical 1,786 ft²Bigger

Bigger than 4% of homes nearby

Lot size0.16 ac
SmallerTypical 0.2 acBigger

Bigger than 29% of homes nearby

Year built1930
OlderTypical 1968Newer

Newer than 8% of homes nearby

How 1040 Electric Ave Se ranks against every home in each area.
MeasureThis homeSouth CentralSalem 97302Marion County
Estimated valuepricier than$288,8847% of homes3% of homes5% of homes
Price per ft²pricier than$32578% of homes85% of homes78% of homes
Living areabigger than888 ft²10% of homes4% of homes4% of homes
Lot sizebigger than0.16 ac57% of homes29% of homes38% of homes
Year builtnewer than193035% of homes8% of homes8% of homes

About 1040 Electric Ave Se

How much is 1040 Electric Ave Se, Salem, OR worth?

The TopHap Estimate for 1040 Electric Ave Se, Salem, OR is $288,884 as of Sep 24, 2026. The likely range is $279,797 to $297,971. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 1040 Electric Ave Se, Salem, OR last sell?

1040 Electric Ave Se, Salem, OR last sold on Mar 18, 2025, according to the county's recorded deed.

How big is 1040 Electric Ave Se, Salem, OR?

1040 Electric Ave Se, Salem, OR has 2 bedrooms, 1 bathrooms, 888 square feet of living space and a 0.16-acre lot.

When was 1040 Electric Ave Se, Salem, OR built?

1040 Electric Ave Se, Salem, OR was built in 1930, making it 96 years old. The building has 1 story.

What schools serve 1040 Electric Ave Se, Salem, OR?

1040 Electric Ave Se, Salem, OR is assigned to South Salem High School (high), rated D+; McKinley Elementary School (elementary), rated C+; Leslie Middle School (middle), rated C-. All sit in Salem-Keizer School District 24j. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 1040 Electric Ave Se, Salem, OR compare to other homes in Salem 97302?

Among the 12,486 homes in Salem 97302, it is worth more than 3% of them ($288,884 against a typical $464,295), its price per square foot is higher than 85% of them ($325 against a typical $271), it is bigger than 4% of them (888 ft² against a typical 1,786 ft²), its lot is bigger than 29% of them (0.16 ac against a typical 0.2 ac) and it is newer than 8% of them (1930 against a typical 1968). Measured against all of Marion County, it is worth more than 5% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 1040 Electric Ave Se, Salem, OR?

The 2025 property tax bill for 1040 Electric Ave Se, Salem, OR was $2,593. The county assessed it at $126,210.

More homes on Electric Ave Se

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