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Single Family ResidenceResidential
$320,722$294 / 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 95How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Aug 30, 2026

2040 MADISON ST NE

SALEM, OR 97301
2
Beds
1
Baths
1,092 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.
0.18 ac
Lot SizeThe size of the land the home sits on, from county records.
1929
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$321K
$306K low$335K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,778 (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.$135,210 (2025)
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$131,280
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$295,290

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyMarion
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.1958
Lot (acres)The size of the land the home sits on, from county records.0.18
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
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Detached
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Shed · 100 ft²Patio · 225 ft²

Transaction History(3)

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.

E
Englewood Elementary SchoolC+
Elementary · Grades KG–5 · 0.4 mi
H
North Salem High SchoolC
High · Grades 9–12 · 0.8 mi
M
Parrish Middle SchoolD+
Middle · Grades 6–8 · 0.9 mi

District: Salem-Keizer School District 24j

Neighborhood · ZIP 97301These 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.132
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.111
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.168

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.13%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.18%
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.58,660
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.5,082 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$53,398
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$68,665
Average tempThe average temperature here across a full year.53°F
Annual precipHow much rain and melted snow falls here in a typical year.40 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.48%

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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

2040 Madison St Ne 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 92% of homes in Marion County
  • Costs more per square foot than 73% of homes in Northeast Neighbors
  • Smaller than 87% of homes in Marion County
  • Has a bigger lot than 81% of homes in Northeast Neighbors
  • Older than 93% of homes in Marion County

What homes are worth in Salem 97301

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

This home
$239K$575K

This home is worth more than 24% of homes in Salem 97301.

How it measures up in Salem 97301

The dot is this home. The mark in the middle is the typical home in Salem 97301.

Estimated value$320,722
CheaperTypical $361,646Pricier

Pricier than 24% of homes nearby

Price per ft²$294
CheaperTypical $272Pricier

Pricier than 63% of homes nearby

Living area1,092 ft²
SmallerTypical 1,350 ft²Bigger

Bigger than 26% of homes nearby

Lot size0.18 ac
SmallerTypical 0.15 acBigger

Bigger than 71% of homes nearby

Year built1929
OlderTypical 1953Newer

Newer than 20% of homes nearby

How 2040 Madison St Ne ranks against every home in each area.
MeasureThis homeNortheast NeighborsSalem 97301Marion County
Estimated valuepricier than$320,72230% of homes24% of homes8% of homes
Price per ft²pricier than$29473% of homes63% of homes58% of homes
Living areabigger than1,092 ft²26% of homes26% of homes13% of homes
Lot sizebigger than0.18 ac81% of homes71% of homes48% of homes
Year builtnewer than192937% of homes20% of homes7% of homes

About 2040 Madison St Ne

How much is 2040 Madison St Ne, Salem, OR worth?

The TopHap Estimate for 2040 Madison St Ne, Salem, OR is $320,722 as of Aug 30, 2026. The likely range is $306,247 to $335,197. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 2040 Madison St Ne, Salem, OR last sell?

2040 Madison St Ne, Salem, OR last sold on Jun 22, 2023, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 2040 Madison St Ne, Salem, OR?

2040 Madison St Ne, Salem, OR has 2 bedrooms, 1 bathrooms, 1,092 square feet of living space and a 0.18-acre lot.

When was 2040 Madison St Ne, Salem, OR built?

2040 Madison St Ne, Salem, OR was built in 1929, making it 97 years old. The building has 1 story.

What schools serve 2040 Madison St Ne, Salem, OR?

2040 Madison St Ne, Salem, OR is assigned to Englewood Elementary School (elementary), rated C+; North Salem High School (high), rated C; Parrish Middle School (middle), rated D+. All sit in Salem-Keizer School District 24j. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 2040 Madison St Ne, Salem, OR compare to other homes in Salem 97301?

Among the 12,788 homes in Salem 97301, it is worth more than 24% of them ($320,722 against a typical $361,646), its price per square foot is higher than 63% of them ($294 against a typical $272), it is bigger than 26% of them (1,092 ft² against a typical 1,350 ft²), its lot is bigger than 71% of them (0.18 ac against a typical 0.15 ac) and it is newer than 20% of them (1929 against a typical 1953). Measured against all of Marion County, it is worth more than 8% 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 2040 Madison St Ne, Salem, OR?

The 2025 property tax bill for 2040 Madison St Ne, Salem, OR was $2,778. The county assessed it at $135,210.

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