The story of this market
The typical home in ZIP 97384 sells for about $450,000, or $270 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 $1,300 a month.
ZIP 97384 — Mehama
The Salem housing market is currently balanced, with a median sale price of $450,000 and a healthy supply of inventory. Demand remains steady, though the market has cooled from previous peaks, resulting in longer days on market and a stable price environment. Buyers and renters are finding more options as the market adjusts to current interest rate conditions.
This area fits family buyers and commuters looking for a balance between urban access and suburban affordability within the Salem metro market.
Median prices moved down 0.1% year over year.
Homes spend a median of 56 days on market with 6.0 months of supply — a balanced-paced market.
24% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 12.0% — 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 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 97384, Marion County OR
Not determinable at the ZIP level; regional crime trends in Salem are monitored by local law enforcement with variations by neighborhood.
Schools in the Salem area are served by the Salem-Keizer Public Schools district, which provides a range of educational options across the city.
The area is subject to standard Pacific Northwest climate risks, including seasonal wildfire smoke and potential flood risks near the Willamette River.
Economic momentum is driven by the state capital's public administration sector, alongside healthcare and education, with ongoing residential development in the surrounding metro area.
Property taxes are assessed by Marion County based on real market value; Oregon does not have a state sales tax, and property tax growth is limited by state constitutional measures.
Residents typically commute via I-5 or local arterials toward Salem's central employment core; transit options are provided by Cherriots.
The area offers access to Willamette River parks, local golf courses, and proximity to regional vineyards and coastal recreation areas.
The rental market shows steady absorption rates with a mix of multi-family and single-family rentals; vacancy pressure remains moderate.
The economy is anchored by state government, healthcare systems, and education, with a diverse mix of retail and service industries.
The area is served by I-5 and local highway corridors, with public transit provided by the Cherriots bus system.
Development is focused on infill residential projects and mixed-use expansion within the Salem urban growth boundary.
Marion County Assessor manages property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to Salem-Keizer School District taxes and various local utility and fire district levies.
Property insurance premiums are influenced by regional wildfire risk and standard Pacific Northwest weather patterns.
Oregon continues to see moderate net domestic migration, though growth has stabilized compared to previous years.
Oregon is primarily a non-judicial foreclosure state with specific notice and redemption requirements.
Sellers are required to provide a property disclosure statement covering known material defects.
Data sourced from US Census Bureau and local market reports.
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 Forest4.719.3 mi
- Get Air Trampoline Park4.319.7 mi
- The Oregon Garden4.516.3 mi
- Silverton Christmas Market3.616.1 mi
- Canterbury Renaissance Faire4.517 mi
- The Gordon House by Frank Lloyd Wright4.616.5 mi
- Turner Pizza & Taphouse4.516.7 mi
- South Falls District4.96.1 mi
- North Falls4.96.5 mi
- Camp Dakota Family Camping & Adventures!4.611.5 mi
- Abiqua Falls Trailhead4.69.8 mi
- South Falls4.96.4 mi
- The Gordon House by Frank Lloyd Wright4.616.5 mi
- Hannah Covered Bridge4.67.3 mi
- Historic Larwood Covered Bridge4.712.6 mi
- Historic Jordan Covered Bridge4.68.1 mi
- Historic Hoffman Covered Bridge4.716.3 mi
- Silver Falls State Park4.95.5 mi
- South Falls District4.96.1 mi
- South Falls Lodge Trailhead4.96.3 mi
- Abiqua Falls Trailhead4.69.8 mi
- The Maples Rest Area4.311.7 mi
- Santiam Golf Club Inc4.410.3 mi
- Safeway3.98.7 mi
- Roth's Fresh Markets4.49.5 mi
- Dollar General4.212.7 mi
- Dollar General4.27.3 mi
- Stayton Plaza4.28.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides recreational access and scenic appeal.
Local course serving the community.
Major city park featuring trails and community events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.