Home values, rents and more in ZIP code 97304 (Salem, OR)
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open 97304 in ProMap- Under $430k
- $430k–$460k
- $460k–$480k
- $480k–$560k
- $560k+
- No data
How 97304 compares
The typical home in ZIP code 97304 (Salem, OR) is worth about $494,000, according to the Zillow Home Value Index for September 2026. Home values in 97304 are 11% above the typical value in the Salem metro area ($447,000) and 35% above the U.S. typical value ($366,000).
Over the past year, home values in 97304 rose 0.9%, compared with +0.4% in the Salem metro area and +1.2% nationally.
Typical rent is $1,884 a month (Zillow Observed Rent Index), 14% above the Salem metro area ($1,646) and about the same as the U.S. ($1,932). Rents rose 1.1% over the past year.
The median household income is $98,031, against $78,900 in the Salem metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 34,879 people live in 97304 (American Community Survey 2020–24).
97304 has the 9th-highest typical home value of the 30 ZIP codes in the Salem metro area and the 119th-highest of 339 in Oregon with Zillow figures.
Part of: Salem, OR · Polk County, OR · Salem metro area · Oregon
More for 97304 in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Zillow 12-month price forecast
- Crime rates
- School test scores
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby ZIP codes
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.