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market report · 97304
Salem, OR · 97304
93 active listings$550,000 median ask$3,002 est. rent0.5% price/rent
$550,000
Median list price
$3,002/mo
Estimated rent
0.5%
Price / rent ratio
93
Listings
FHFA home price index · 2016–2025
87% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.35
Median rent / sqft
90 comps
$264.33
Median sold / sqft
90 comps
—
Walkability
4.6%
Area unemployment
BLS LAUS
Median household income $98,031 · median home value $499,300 · ACS 2024.
Natural-hazard risk Very High (FEMA NRI score 98).
8 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
1339 3rd St, Salem, OR 97304
Salem, OR
$250,000$2,641/mo1.1%
1765 Montrose Ave, Salem, OR 97304
Salem, OR
$465,000$3,688/mo0.8%
2453 Dalke Ridge Dr, Salem, OR 97304
Salem, OR
$469,900$3,422/mo0.7%
1245 Glen Creek Rd, Salem, OR 97304
Salem, OR
$640,000$4,349/mo0.7%
1330 Lupin Ln, Salem, OR 97304
Salem, OR
$449,900$3,015/mo0.7%
1475 Orchardview Ave, Salem, OR 97304
Salem, OR
$649,999$4,243/mo0.7%