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Single Family ResidenceResidential
$534,442$222 / 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 Jul 14, 2026
Last sold for $110,000 on Feb 25, 2016

5240 SMITH ROCK ST SE

SALEM, OR 97306
5
Beds
3
Baths
2,412 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.
1994
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$534K
$518K low$551K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$110,000 · Feb 25, 2016
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$112,562
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$90,050
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.78%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$371,880
LOANDEPOT.COM LLC · recorded Jul 11, 2019
2nd MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$50,000
LOANDEPOT.COM LLC

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$7,044 (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.$342,870 (2025)
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$332,890
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$558,310

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
CoolingThe type of cooling or air conditioning in the home.Yes
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

Transaction History(5)

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

Foreclosure Filings(5)

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

E
Lee Elementary SchoolD-
Elementary · Grades KG–5 · 0.4 mi
M
Judson Middle SchoolB-
Middle · Grades 6–8 · 2.1 mi
H
South Salem High SchoolC+
High · Grades 9–12 · 3.4 mi

District: Salem-Keizer School District 24j

Neighborhood · ZIP 97306These 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.82
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.108
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.97%
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.9.5%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.3%
PopulationHow many people live in this area.34,391
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,021 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$90,746
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$110,837
Average tempThe average temperature here across a full year.52°F
Annual precipHow much rain and melted snow falls here in a typical year.49 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.48%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

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

5240 Smith Rock St 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 70% of homes in Marion County
  • Costs less per square foot than 91% of homes in South Gateway
  • Bigger than 82% of homes in Marion County
  • Newer than 68% of homes in Marion County

What homes are worth in Salem 97306

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

This home
$284K$1.2M

This home is worth more than 60% of homes in Salem 97306.

How it measures up in Salem 97306

The dot is this home. The mark in the middle is the typical home in Salem 97306.

Estimated value$534,442
CheaperTypical $493,187Pricier

Pricier than 60% of homes nearby

Price per ft²$222
CheaperTypical $278Pricier

Pricier than 9% of homes nearby

Living area2,412 ft²
SmallerTypical 1,822 ft²Bigger

Bigger than 75% of homes nearby

Lot size0.16 ac
SmallerTypical 0.17 acBigger

Bigger than 45% of homes nearby

Year built1994
OlderTypical 1993Newer

Newer than 53% of homes nearby

How 5240 Smith Rock St Se ranks against every home in each area.
MeasureThis homeSouth GatewaySalem 97306Marion County
Estimated valuepricier than$534,44263% of homes60% of homes70% of homes
Price per ft²pricier than$2229% of homes9% of homes13% of homes
Living areabigger than2,412 ft²76% of homes75% of homes82% of homes
Lot sizebigger than0.16 ac52% of homes45% of homes38% of homes
Year builtnewer than199445% of homes53% of homes68% of homes

About 5240 Smith Rock St Se

How much is 5240 Smith Rock St Se, Salem, OR worth?

The TopHap Estimate for 5240 Smith Rock St Se, Salem, OR is $534,442 as of Jul 14, 2026. The likely range is $518,263 to $550,621. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 5240 Smith Rock St Se, Salem, OR last sell?

5240 Smith Rock St Se, Salem, OR last sold on Feb 25, 2016 for $110,000, according to the county's recorded deed. TopHap holds 5 recorded sales for this parcel.

How big is 5240 Smith Rock St Se, Salem, OR?

5240 Smith Rock St Se, Salem, OR has 5 bedrooms, 3 bathrooms, 2,412 square feet of living space and a 0.16-acre lot.

When was 5240 Smith Rock St Se, Salem, OR built?

5240 Smith Rock St Se, Salem, OR was built in 1994, making it 32 years old. The building has 2 stories.

What schools serve 5240 Smith Rock St Se, Salem, OR?

5240 Smith Rock St Se, Salem, OR is assigned to Lee Elementary School (elementary), rated D-; Judson Middle School (middle), rated B-; South Salem High School (high), rated C+. All sit in Salem-Keizer School District 24j. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5240 Smith Rock St Se, Salem, OR compare to other homes in Salem 97306?

Among the 10,459 homes in Salem 97306, it is worth more than 60% of them ($534,442 against a typical $493,187), its price per square foot is higher than 9% of them ($222 against a typical $278), it is bigger than 75% of them (2,412 ft² against a typical 1,822 ft²), its lot is bigger than 45% of them (0.16 ac against a typical 0.17 ac) and it is newer than 53% of them (1994 against a typical 1993). Measured against all of Marion County, it is worth more than 70% 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 5240 Smith Rock St Se, Salem, OR?

The 2025 property tax bill for 5240 Smith Rock St Se, Salem, OR was $7,044. The county assessed it at $342,870.

Closest homes

More homes in Salem 97306

Assigned schools

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