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Single Family ResidenceResidential
$751,981$251 / 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 96How 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
Last sold for $227,900 on Mar 24, 2000

506 WELCOME WAY SE

SALEM, OR 97302
3
Beds
2
Baths
2,991 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.
0.54 ac
Lot SizeThe size of the land the home sits on, from county records.
1960
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

$752K
$719K low$784K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$227,900 · Mar 24, 2000

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$8,242 (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.$401,200 (2025)
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$389,520
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$644,280

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.1983
Lot (acres)The size of the land the home sits on, from county records.0.54
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, Attached
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Shed · 140 ft²Patio · 228 ft²Sprinklers

Transaction History(1)

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
Wright Elementary SchoolB
Elementary · Grades KG–5 · 0.3 mi
M
Judson Middle SchoolB
Middle · Grades 6–8 · 0.3 mi
H
Sprague High SchoolD+
High · Grades 9–12 · 1.7 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%

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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

506 Welcome Way 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 more than 98% of homes in Faye Wright
  • Costs less per square foot than 73% of homes in Faye Wright
  • Bigger than 94% of homes in Faye Wright
  • Has a bigger lot than 96% of homes in Faye Wright
  • Older than 74% of homes in Marion County

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
$268K$1.1M

This home is worth more than 91% 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$751,981
CheaperTypical $464,619Pricier

Pricier than 91% of homes nearby

Price per ft²$251
CheaperTypical $271Pricier

Pricier than 36% of homes nearby

Living area2,991 ft²
SmallerTypical 1,792 ft²Bigger

Bigger than 86% of homes nearby

Lot size0.54 ac
SmallerTypical 0.2 acBigger

Bigger than 92% of homes nearby

Year built1960
OlderTypical 1968Newer

Newer than 43% of homes nearby

How 506 Welcome Way Se ranks against every home in each area.
MeasureThis homeFaye WrightSalem 97302Marion County
Estimated valuepricier than$751,98198% of homes91% of homes90% of homes
Price per ft²pricier than$25127% of homes36% of homes27% of homes
Living areabigger than2,991 ft²94% of homes86% of homes91% of homes
Lot sizebigger than0.54 ac96% of homes92% of homes80% of homes
Year builtnewer than196034% of homes43% of homes26% of homes

About 506 Welcome Way Se

How much is 506 Welcome Way Se, Salem, OR worth?

The TopHap Estimate for 506 Welcome Way Se, Salem, OR is $751,981 as of Sep 24, 2026. The likely range is $719,497 to $784,465. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 506 Welcome Way Se, Salem, OR last sell?

506 Welcome Way Se, Salem, OR last sold on Mar 24, 2000 for $227,900, according to the county's recorded deed.

How big is 506 Welcome Way Se, Salem, OR?

506 Welcome Way Se, Salem, OR has 3 bedrooms, 2 bathrooms, 2,991 square feet of living space and a 0.54-acre lot.

When was 506 Welcome Way Se, Salem, OR built?

506 Welcome Way Se, Salem, OR was built in 1960, making it 66 years old. The building has 1 story.

What schools serve 506 Welcome Way Se, Salem, OR?

506 Welcome Way Se, Salem, OR is assigned to Wright Elementary School (elementary), rated B; Judson Middle School (middle), rated B; Sprague High School (high), rated D+. All sit in Salem-Keizer School District 24j. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 506 Welcome Way Se, Salem, OR compare to other homes in Salem 97302?

Among the 12,454 homes in Salem 97302, it is worth more than 91% of them ($751,981 against a typical $464,619), its price per square foot is higher than 36% of them ($251 against a typical $271), it is bigger than 86% of them (2,991 ft² against a typical 1,792 ft²), its lot is bigger than 92% of them (0.54 ac against a typical 0.2 ac) and it is newer than 43% of them (1960 against a typical 1968). Measured against all of Marion County, it is worth more than 90% 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 506 Welcome Way Se, Salem, OR?

The 2025 property tax bill for 506 Welcome Way Se, Salem, OR was $8,242. The county assessed it at $401,200.

More homes on Welcome Way Se

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