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6311 Fairway Ave SE, Salem, OR, 97306

2beds
2baths
1,120sqft
$289,000
$258price/sqft
$2,206/moest. monthly cost
$88,240/yrincome needed

About This Home

Discover comfort in this cozy 2-bed, 1.5-bath condo. A beautiful brick fireplace and bright living room! Large bedrooms and remodeled bathroom. Desirable end unit that backs up to a peaceful green space great for relaxing. Easy access to I-5. HOA fee is $420 a month, includes exterior maintenance, water, sewer, garbage, indoor pool, and landscaping.

Getting Around

59
WalkingSomewhat Walkable
34
TransitSome Transit
60
BikeBikeable

Schools

3/10
6/10
Judson Middle SchoolGrades 6-82.0 mi
6/10
Sprague High SchoolGrades 9-123.2 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1979

Materials

  • Construction materials: Panel,Wood Composite,Wood Siding

Type & Style

  • Home type: Townhouse
  • Property subType: Residential,Condominium,Townhouse

Interior

Appliances

  • Appliances included: Electric Water Heater

Bedrooms & Bathrooms

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

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,120
  • Total interior livable area: 1,120 sqft

Master Bedroom

  • Level: Upper

Property

Details

  • Parcel number: 566200

Features

  • Stories: 2
  • Entry location: Ground Floor

Parking

  • Total spaces: 1
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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

  • Heat Wave
    Heat WaveRelatively High
  • Earthquake
    EarthquakeModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Earthquake
Inland Flooding
Lightning
Strong Wind
Winter Weather

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 $1,461$17,532
Home Insurance *$71$852
Property Taxes $498$5,976
Electricity $176$2,119
Total$2,206$26,472
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$75,634/yr
40% on housing$66,180/yr
45% on housing$58,826/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

$258This 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
2026-07-14Price change$289,000
2026-06-01Price change$299,900
2026-05-22Listed for sale$315,000
2025-11-07Sold$275,000
2025-10-15Pending sale$274,900
2025-10-15Contingent$274,900
2025-09-11Listed for sale$274,900
2020-05-29Sold$190,000
2020-02-12Listed for sale$187,900
2018-05-04Sold$139,900
2018-04-05Pending sale$139,900
2018-03-29Listed for sale$139,900
2016-05-27Sold$100,000
2016-05-12Listed for sale$104,000

For Sale by Agent

AgentJack Waddle
BrokerageKeller Williams Realty Portland Elite

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