The story of this market
The typical home in ZIP 97375 sells for about $449,655, 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 97375 — Scotts Mills
The Salem housing market is currently balanced, with home prices showing minimal year-over-year change and a moderate pace of sales. Inventory levels remain sufficient to meet demand, preventing significant price volatility. Market conditions are driven by steady regional employment and a consistent influx of residents seeking affordability relative to larger Pacific Northwest hubs.
This area is well-suited for government employees, families seeking suburban stability, and commuters looking for a more affordable alternative to the Portland metro area while maintaining access to regional amenities.
Median prices moved down 0.1% year over year.
Homes spend a median of 56 days on market with 2.4 months of supply — a fast-moving market.
24% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · 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.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
Salem city, Oregon
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime trends in Salem are generally consistent with regional averages for mid-sized Pacific Northwest cities, with property crime remaining the primary focus of local law enforcement efforts.
Public schools in the area are served by the Salem-Keizer School District, which provides a diverse range of educational programming and maintains a mix of performance ratings across its various elementary, middle, and high school campuses.
The area faces moderate risks related to seasonal wildfire smoke and localized flooding near the Willamette River, with standard insurance requirements for flood zones in low-lying areas.
Economic momentum is driven by the state government sector, healthcare, and a growing food processing industry, with ongoing infrastructure investments aimed at improving transit connectivity within the Willamette Valley.
Property taxes are assessed by the county based on real market value, with rates subject to state-mandated constitutional limits on annual growth and local voter-approved bond measures for schools and public services.
Commuters typically rely on I-5 for north-south travel toward Portland or Eugene, with local transit provided by Cherriots bus services connecting residential neighborhoods to the downtown employment core.
Residents have access to extensive outdoor amenities including Minto-Brown Island Park, the Willamette River trail system, and numerous community golf courses and shopping districts located throughout the city.
The rental market shows stable vacancy pressure with a steady demand for multi-family units, though rent growth has moderated compared to the rapid increases seen in previous years.
The economy is anchored by the State of Oregon government offices, Salem Health, and a robust agricultural and food processing sector.
The city is served by the I-5 corridor and the Cherriots transit system, which provides comprehensive bus coverage throughout the metropolitan area.
Ongoing urban renewal projects are focused on increasing housing density in the downtown core and improving pedestrian infrastructure.
The Marion County Assessor maintains property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to various special districts including the Salem-Keizer School District, local fire districts, and urban renewal agencies.
Property insurance premiums are influenced by regional wildfire risk assessments and flood zone designations near the Willamette River.
Data retrieved from data.census.gov and Americabyplace.com 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.
- Get Air Trampoline Park4.319.5 mi
- Chuck E. Cheese4.118.9 mi
- Claw Factory4.819.5 mi
- Wooden Shoe Tulip Farm4.711.6 mi
- The Oregon Garden4.59.3 mi
- Oregon Renaissance Faire4.319.8 mi
- Clackamas County Fairgrounds4.419.7 mi
- Wunderland Salem3.520 mi
- Wooden Shoe Tulip Farm4.711.6 mi
- South Falls District4.98.2 mi
- The Oregon Garden4.59.3 mi
- North Falls4.97.2 mi
- Camp Dakota Family Camping & Adventures!4.62.8 mi
- Powerland Heritage Park4.819.1 mi
- The Gordon House by Frank Lloyd Wright4.69.5 mi
- Hannah Covered Bridge4.620 mi
- Historic Jordan Covered Bridge4.616 mi
- Pacific Northwest Truck Museum4.819.1 mi
- Silver Falls State Park4.98.4 mi
- South Falls District4.98.2 mi
- The Oregon Garden4.59.3 mi
- South Falls Lodge Trailhead4.98.1 mi
- Scotts Mills Falls4.54.9 mi
- Evergreen Golf Course4.512.1 mi
- Wooden Shoe Tulip Farm4.711.6 mi
- Safeway3.811.3 mi
- Safeway4.19.6 mi
- Mt. Angel Sausage Company4.611.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
One of the largest urban parks in Oregon featuring extensive trails and wildlife viewing.
Provides recreational boating, fishing, and scenic riverfront access.
Major downtown shopping and dining district serving the metropolitan area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.