The story of this market
The typical home in ZIP 97301 sells for about $458,497, or $287 per square foot.
Prices are down 1.8% from a year ago, which gives buyers more room to negotiate. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,227 a month.
ZIP 97301 — Salem
The Salem housing market is currently experiencing a period of stabilization with a balanced supply of inventory. While median prices have seen a slight year-over-year decline, the market remains active with a healthy sale-to-list ratio. Demand is supported by the stable government-sector employment base in the state capital.
This area is well-suited for government employees, families, and renters seeking proximity to the state capital's employment core and urban amenities.
Median prices moved down 1.8% year over year.
Homes spend a median of 48 days on market with 3.6 months of supply — a fast-moving market.
24% of listings have cut prices · homes sell at 99.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 19.2% — a mixed stability profile.
versus the prior ACS vintage
ZCTA 97301, Marion County OR
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Salem serves as the state capital and a major hub for government employment, with ongoing development in the downtown and surrounding urban areas.
Property taxes are assessed by Marion County based on real market value, with rates subject to state constitutional limits on assessed value growth.
The area is centrally located in Salem, providing relatively short commutes to state government offices and downtown employment centers.
The ZIP includes access to major local amenities such as Bush's Pasture Park and proximity to the Willamette River waterfront.
The rental market is characterized by steady demand and a median gross rent of approximately $1,227 per month.
The economy is anchored by state government operations, healthcare, and education sectors.
The area is served by local bus transit and major highway corridors including I-5.
Ongoing urban renewal projects are focused on downtown revitalization and housing density improvements.
The Marion County Assessor manages property valuations for tax purposes.
Parcels are subject to local school district taxes and municipal service assessments.
Data retrieved from US Census Bureau ZCTA 97301 profiles.
- Enchanted Forest4.78 mi
- Wings & Waves Waterpark4.119.2 mi
- Get Air Trampoline Park4.32.4 mi
- Chuck E. Cheese4.11.7 mi
- River Road City Park Splash Pad4.42.3 mi
- Wooden Shoe Tulip Farm4.717.1 mi
- Oregon State Fair & Exposition Center4.31 mi
- North American Aerospace Museum4.819.1 mi
- The Oregon Garden4.511 mi
- The Kroc Center - Salem, OR3.72.1 mi
- Oregon State Capitol4.41.5 mi
- Willamette Valley Vineyards4.88.2 mi
- Riverfront City Park4.72 mi
- The Oregon Garden4.511 mi
- Regal Willamette Town Center4.40.7 mi
- North American Aerospace Museum4.819.1 mi
- Gilbert House Children's Museum4.61.9 mi
- Bush's Pasture Park4.71.9 mi
- Willamette Heritage Center4.71.5 mi
- Powerland Heritage Park4.87.2 mi
- Riverfront City Park4.72 mi
- The Oregon Garden4.511 mi
- Keizer Rapids Park4.64.3 mi
- Minto-Brown Island Park4.73.8 mi
- Bush's Pasture Park4.71.9 mi
- Creekside Golf Club4.76 mi
- Illahe Hills Country Club4.65.9 mi
- Evergreen Golf Course4.512 mi
- McNary Golf Club4.34.7 mi
- Santiam Golf Club Inc4.412 mi
- Bauman's Farm and Garden4.612.9 mi
- WinCo Foods4.32.6 mi
- Fred Meyer4.10.8 mi
- Fred Meyer4.23.4 mi
- Keizer Station4.44.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A historic park featuring gardens, trails, and community facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.