Skip to content
Skip to content
TopHapOpen in map
Single Family ResidenceResidential
$588,712$272 / 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 94How 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 $592,000 on Sep 20, 2024

5540 8TH AVE SE

SALEM, OR 97306
5
Beds
3
Baths
2,164 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.
0.24 ac
Lot SizeThe size of the land the home sits on, from county records.
1976
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

$589K
$552K low$625K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$592,000 · Sep 20, 2024

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$5,136 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$269,430 (2025)
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$261,590
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$556,780

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.9 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.6%
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
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.1985
Lot (acres)The size of the land the home sits on, from county records.0.24
RoofThe main material covering the roof, such as asphalt shingle or tile.Composition Shingle
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central
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
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Shed · 192 ft²Patio · 246 ft²

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.

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

E
Sumpter Elementary SchoolC
Elementary · Grades KG–5 · 0.6 mi
M
Judson Middle SchoolB-
Middle · Grades 6–8 · 1.1 mi
H
Sprague High SchoolB
High · Grades 9–12 · 2.1 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%

Owner Tools

Do you own this home?
Claim this home

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

5540 8th 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 more than 78% of homes in Marion County
  • Bigger than 74% of homes in Marion County
  • Has a bigger lot than 87% of homes in South Gateway
  • Older than 90% of homes in South Gateway

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
$277K$1.2M

This home is worth more than 72% 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$588,712
CheaperTypical $493,956Pricier

Pricier than 72% of homes nearby

Price per ft²$272
CheaperTypical $278Pricier

Pricier than 45% of homes nearby

Living area2,164 ft²
SmallerTypical 1,838 ft²Bigger

Bigger than 65% of homes nearby

Lot size0.24 ac
SmallerTypical 0.17 acBigger

Bigger than 75% of homes nearby

Year built1976
OlderTypical 1993Newer

Newer than 14% of homes nearby

How 5540 8th Ave Se ranks against every home in each area.
MeasureThis homeSouth GatewaySalem 97306Marion County
Estimated valuepricier than$588,71277% of homes72% of homes78% of homes
Price per ft²pricier than$27251% of homes45% of homes42% of homes
Living areabigger than2,164 ft²66% of homes65% of homes74% of homes
Lot sizebigger than0.24 ac87% of homes75% of homes65% of homes
Year builtnewer than197610% of homes14% of homes47% of homes

About 5540 8th Ave Se

How much is 5540 8th Ave Se, Salem, OR worth?

The TopHap Estimate for 5540 8th Ave Se, Salem, OR is $588,712 as of Sep 24, 2026. The likely range is $552,252 to $625,172. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 5540 8th Ave Se, Salem, OR last sell?

5540 8th Ave Se, Salem, OR last sold on Sep 20, 2024 for $592,000, according to the county's recorded deed. TopHap holds 4 recorded sales for this parcel.

How big is 5540 8th Ave Se, Salem, OR?

5540 8th Ave Se, Salem, OR has 5 bedrooms, 3 bathrooms, 2,164 square feet of living space and a 0.24-acre lot.

When was 5540 8th Ave Se, Salem, OR built?

5540 8th Ave Se, Salem, OR was built in 1976, making it 50 years old. The building has 1 story.

What schools serve 5540 8th Ave Se, Salem, OR?

5540 8th Ave Se, Salem, OR is assigned to Sumpter Elementary School (elementary), rated C; Judson Middle School (middle), rated B-; Sprague High School (high), rated B. All sit in Salem-Keizer School District 24j. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5540 8th Ave Se, Salem, OR compare to other homes in Salem 97306?

Among the 10,462 homes in Salem 97306, it is worth more than 72% of them ($588,712 against a typical $493,956), its price per square foot is higher than 45% of them ($272 against a typical $278), it is bigger than 65% of them (2,164 ft² against a typical 1,838 ft²), its lot is bigger than 75% of them (0.24 ac against a typical 0.17 ac) and it is newer than 14% of them (1976 against a typical 1993). Measured against all of Marion County, it is worth more than 78% 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 5540 8th Ave Se, Salem, OR?

The 2024 property tax bill for 5540 8th Ave Se, Salem, OR was $5,136. The county assessed it at $269,430.

More homes on 8th Ave Se

Closest homes

More homes in Salem 97306

Assigned schools

Explore the area

See this home in context

Open 5540 8th Ave Se on TopHap’s interactive map to compare it against every sale nearby, overlay school zones and flood risk, and run a CMA.

Open in map
A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
Search any address, city, zip, or county…3D$1.9M$6.25MOpen in map