7342 Rainbow Dr SE, Salem, OR 97306 Property Records

Marion County property record for 7342 Rainbow Dr SE, Salem, OR 97306

Property Summary

Property TypeSingle Family Home
Details2 bd · 1 ba · 2,762 sqft · built 1947
Lot Size9.89 acres (431,244 sqft)
OwnerIndividual Name on File
Last Sale$62,916 (Feb 1994)
Tax Bill$3,469 (2025)
Flood ZoneZone X (minimal risk)
APN083W27A 01100

Property Details

APN / Parcel Number

Primary APN083W27A 01100
Alternative APN
  • 561434

Interior

Bedrooms2 Beds
Full Baths1 Bath
Stories1 Story
Building Area2,762 sqft Living Area
Gross Area3,722 sqft
1st Floor Area1,610 sqft
AtticAttic
Attic Area1,152 sqft

Exterior

Year BuiltBuilt 1947
Roof MaterialRolled Roofing
Lot Area431,244 sqft (9.89 acres)
Garage TypeAttached
Garage Area960 sqft
Parking Spaces4 Parking Spaces

Utilities, Heating & Cooling

Heating SystemForced Air

Location & Zoning

Account Number561434
Street Address7342 RAINBOW DR SE
CitySALEM
StateOR
Zip97306-9524
Property CategoryResidential
Property TypeResidential > Single Family > Home
Local Zoning CodeAR-2
Legal DescriptionSUNNYSIDE FRUIT FARMS NO 7, LOT 6, ACRES 9.90
Legal Range03W
Legal Township08
Legal Section27
Legal QuarterNE
Legal SubdivisionSUNNYSIDE FRUIT FARMS NO 7
Legal Lot Number6
JurisdictionMARION OR
Township / Civil DivisionSALEM
Census Block Group2
Census Block2014
Census Tract2800

Owner

7342 Rainbow Dr SE is owned and occupied by an individual who bought it in February 1994.

Source: Marion County records, as of February 27, 2026

Owner of RecordIndividual Name on File
Mailing Address7342 RAINBOW DR SE, SALEM, OR 97306-9524
OccupancyOwner Occupied
Owner TypeIndividual

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed NamesName on Deed
Last SaleFeb 24, 1994 · Amount on File
Deed SaleFeb 24, 1994 · Amount on File
Deed Document Number11630702
Record UpdatedJun 8, 2026

Tax Assessment & Valuation

The 2025 property tax bill for 7342 Rainbow Dr SE was $3,469, up 3% from the year before.

Source: Marion County assessment roll, as of September 30, 2025

Property Jurisdictions

TypeName
StateOregon
CountyMarion County
Unified School DistrictSalem-Keizer School District 24J (KG - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$3,469.00 (+3.03%)$273,340 (+3%)$743,260 (+4.34%) Land $487,660 Building $255,600
2024$3,367.00 (+2.43%)$265,380 (+3%)$712,370 (+10.8%) Land $452,740 Building $259,630
2023$3,287.00 (+2.53%)$257,660 (+3%)$642,960 (+30.66%) Land $372,300 Building $270,660
2022$3,206.00$250,160$492,100 Land $198,340 Building $293,760

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 7342 Rainbow Dr SE in Zone X, an area of minimal flood risk, though there have been 11 flood claims nearby since 1996.

Source: FEMA National Flood Hazard Layer, effective September 30, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Community Rating SystemClass 10 (0% premium discount)
Nearby Flood Policies2 in force
Nearby Flood Claims11 (1996–2012)
Claims Outside the SFHA11 of 11
Most Recent ClaimJan 2012 · Severe Winter Storm, Flooding, Landslides, And Mudslides
Claims by Event
  • Severe Winter Storm, Flooding, Landslides, And Mudslides, Jan 2012 · 5 claims
  • High Winds, Severe Storms And Flooding, Feb 1996 · 6 claims

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 7342 Rainbow Dr SE is low, with a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskLow
lower than 80% of the US · lower than 93% of Oregon
Wildfire Likelihood0.01% annual chance
ExposureDirect
burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Internet Providers

Source: FCC Broadband Data Collection, based on 109 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Astound Broadband
Cable
1,500 / 50
Verizon
Fixed Wireless
300 / 20

May also be available: CenturyLink, Hunter Communications, Xfinity.

Nearby Properties on Rainbow Dr SE

Nearby Streets

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