The Capital Park Neighborhood
The Capital Park Neighborhood is a central neighborhood in Salem, Oregon that runs from 12th street through 25th street between Mission and State Street. It sits south of the Court-Chemeketa Historic District and McRae Park. Capital Park (also locally called Richmond) is a city-designated Heritage Neighborhood with tree-lined streets and beautiful fall colors. This neighborhood has an active group of neighbors who are very involved with the local neighborhood association.
Some homes in the Capital Park neighborhood have been fixed up and many middle-class professionals such as attorneys, teachers, etc. have settled in this area. There is still work to do in this neighborhood, but if the thought of going into an up-and-coming neighborhood is exciting to you, then this neighborhood would be a great choice. With Capital Park’s proximity to downtown, the neighborhood has incredible potential with its gorgeous tree-lined streets and older historic homes. Mission Mill Museum/Willamette Heritage Center is at the end of the neighborhood and Willamette University and Oregon state offices are across the street from the end of the neighborhood.
There are some homes that are in a FEMA-designated flood plain that requires mandatory flood insurance so watch for those homes if you want to avoid being in a flood plain. There are homes in the 500-year flood plain, which does not require flood insurance, but carrying voluntary flood insurance might be a good idea.
Home prices in Capital Park
In 2022, the median home price was $320,000. Most of the homes sold in this neighborhood sell in the $300,000-$400,000 range with fixers selling for less and decked-out homes selling for more.
- Lush tree-lined streets
- Old character homes
- Flat lots
- Mill Creek runs through part of the neighborhood
- Active neighborhood association
- Easy walkable to downtown
- Abuts State Street which is a designated rejuvenation area
- Has a neighborhood park