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2690 Rocky Way SE, Salem, OR, 97306

1beds
3baths
3,499sqft
$475,000
$136price/sqft
$3,358/moest. monthly cost
$134,320/yrincome needed

About This Home

1.81 acres - in the path of growth. Just outside Salem city boundary. New construction coming fast - to the south. Large, 30xx40 shop + outbuildings & greenhouse. Manufactured house is 1,435 sq ft + additions. Lots of sq. ft. for multiple uses. House may need repairs - may not qualify for a traditional loan. 2 pellet stoves: Quadra-Fire & Heatilator. Refer to documents for driveway easement.

Getting Around

14
WalkingCar-Dependent
24
TransitMinimal Transit
24
BikeSomewhat Bikeable

Schools

5/10
6/10
Judson Middle SchoolGrades 6-82.3 mi
5/10
South Salem High SchoolGrades 9-124.0 mi

Construction

Condition

  • Property condition: Unknown
  • Year built: 1972

Materials

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction materials: T111 Siding,Wood Siding

Type & Style

  • Home type: MobileManufactured
  • Property subType: Residential,Manufactured Home

Interior

Appliances

  • Appliances included: Disposal,Free-Standing Range,Electric Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 3
  • Full bathrooms: 1
  • Partial bathrooms: 2
  • Main level bathrooms: 3

Cooling

  • Cooling features: None

Dining Room

  • Level: Main

Family Room

  • Level: Main

Features

  • Window features: Aluminum Frames
  • Flooring: Laminate
  • Fireplace features: Pellet Stove

Interior Area

  • Total structure area: 3,499
  • Total interior livable area: 3,499 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Property

Accessibility

  • Accessibility features: One Level,Accessibility

Details

  • Parcel number: 532276
  • Zoning: UT-10

Features

  • Levels: One
  • Stories: 1
  • Has view: Yes
  • View description: Territorial

Lot

  • Lot size: 1.81 Acres
  • Features: Gated,Gentle Sloping,Pasture,Private,Acres 1 to 3

Parking

  • Total spaces: 3
  • Parking features: Covered,RV Access/Parking,RV Boat Storage,Detached
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

FEMA Declared Disasters in Marion County and Oregon

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,401$28,812
Home Insurance *$117$1,404
Property Taxes $523$6,276
Electricity $317$3,810
Total$3,358$40,296
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$115,131/yr
40% on housing$100,740/yr
45% on housing$89,546/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.7%
6.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$136This listing

vs Other Active Listings

Avg $/sqft

ZIP 97306$236
Marion County$231

vs Homes Sold Last Month

Median $/sqft

ZIP 97306$277
Marion County$278

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-23Listed for sale$475,000

For Sale by Agent

AgentJohn Lee
BrokerageLee Real Estate

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