Are there any up and coming areas in Salem? I have been asked this question many times by buyers of homes. All cities have those up and coming areas: areas that have a great location, but will need caring homeowners to help to create a healthy neighborhood.
The Capital Park area of the Richmond neighborhood is one of those areas. Now if you say Richmond to most Salemites, they let you know that the area has long been know as “felony flats.” RIchmond is the area between 12th and 25th streets and Mission and Center. Capital Park and Capital home are a subsection of that neighborhood.
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Due to its proximity to downtown, state workers and Willamette staff looking for affordable housing have turned to this neighborhood. As such there is a resurgence in the upkeep of homes and many of the smaller cottages are now sporting additions.
In 2008 12 homes sold in this area for an average price of $159,483 and 102 days average on the market. If you are a homeowner who doesn’t mind putting in a little TLC and plans to live in a house for a while, this neighborhood may be a good bet for you. Start your Capital Park Home Search.
For other centrally located neighborhoods in Salem Oregon read about Englewood Old and East.