The story of this market
The typical home in ZIP 97303 sells for about $450,000, or $266 per square foot.
Prices are roughly flat from a year ago (-0.075%), a market in balance. Homes take about 56 days to sell. HUD's fair market rent for a two-bedroom is $1,400 a month.
ZIP 97303 — Keizer
The 97303 housing market is currently experiencing a period of stabilization with modest price fluctuations and balanced inventory levels. Buyer interest remains steady, supported by the area's affordability relative to the broader Portland metro, though higher interest rates continue to influence the pace of sales.
This ZIP is well-suited for families and commuters seeking a balance between suburban space and access to the Salem employment core.
Median prices moved down 0.1% year over year.
Homes spend a median of 56 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 4.2% · poverty 14.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 97303, 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.
Schools in the area are generally characterized by moderate performance metrics within the Salem-Keizer school district.
The area faces standard regional risks for the Willamette Valley, including seasonal wildfire smoke and potential flood risks near the Willamette River.
Economic momentum is driven by the state capital's government sector, healthcare, and ongoing residential development in the Keizer and North Salem corridors.
Property taxes are assessed by Marion County based on real market value, with rates subject to Measure 5 and Measure 50 limitations; special districts for schools and fire services apply.
Residents primarily commute via I-5 or River Road N toward downtown Salem or north toward the Portland metro area.
The area features proximity to the Willamette River, numerous neighborhood parks, and shopping centers along the River Road and Keizer Station corridors.
The rental market shows moderate vacancy pressure with a steady demand for single-family rentals and multi-family units near the Keizer border.
The economy is anchored by state government, healthcare systems like Salem Health, and a diverse retail sector.
Served by I-5 and major arterials like River Road, with public transit provided by Cherriots.
Ongoing residential infill and commercial expansion projects are concentrated near the Keizer Station area.
The Marion County Assessor manages property valuations in accordance with Oregon's constitutional tax limitations.
Parcels are subject to Salem-Keizer School District, fire district, and local utility district levies.
Property insurance premiums are influenced by regional wildfire risk assessments and standard flood zone mapping.
Data retrieved from US Census Bureau and American Community Survey profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Enchanted Forest4.713.6 mi
- Wings & Waves Waterpark4.113.6 mi
- Get Air Trampoline Park4.38.1 mi
- Chuck E. Cheese4.14.7 mi
- River Road City Park Splash Pad4.44 mi
- Wooden Shoe Tulip Farm4.714.9 mi
- Oregon State Fair & Exposition Center4.34.7 mi
- North American Aerospace Museum4.813.5 mi
- The Oregon Garden4.511.8 mi
- The Kroc Center - Salem, OR3.73.6 mi
- Oregon State Capitol4.46.1 mi
- Riverfront City Park4.76 mi
- The Oregon Garden4.511.8 mi
- Regal Willamette Town Center4.46.1 mi
- Keizer Rapids Park4.62.8 mi
- North American Aerospace Museum4.813.5 mi
- Gilbert House Children's Museum4.65.7 mi
- Bush's Pasture Park4.76.7 mi
- Willamette Heritage Center4.76.4 mi
- Powerland Heritage Park4.82.8 mi
- Riverfront City Park4.76 mi
- The Oregon Garden4.511.8 mi
- Keizer Rapids Park4.62.8 mi
- Minto-Brown Island Park4.77.5 mi
- Bush's Pasture Park4.76.7 mi
- OGA Golf Course4.612.5 mi
- Illahe Hills Country Club4.69.2 mi
- Creekside Golf Club4.711.3 mi
- Evergreen Golf Course4.510.3 mi
- McNary Golf Club4.31 mi
- Woodburn Premium Outlets4.411.4 mi
- Bauman's Farm and Garden4.69.5 mi
- WinCo Foods4.38.2 mi
- Fred Meyer4.15.8 mi
- Fred Meyer4.28.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large riverside park with trails and boat access.
Major regional retail and dining hub.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.