The story of this market
The typical home in ZIP 97392 sells for about $699,697, or $266 per square foot.
Prices are up +3.3% from a year ago, so sellers still have some momentum. Homes take about 56 days to sell. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 97392 — Turner
The housing market in the 97392 area is currently experiencing a period of stabilization with modest price growth. Inventory levels are gradually improving, which is helping to balance the market compared to previous years of high competition. Buyers and sellers are adjusting to current interest rate environments, leading to a more measured pace of activity.
This area is well-suited for families and professionals seeking a balance between urban amenities and suburban living. It attracts those who work in the state capital or surrounding industries and desire a more affordable alternative to the Portland metropolitan area.
Median prices moved up 3.3% year over year.
Homes spend a median of 56 days on market with 3.0 months of supply — a fast-moving market.
44% of listings have cut prices · homes sell at 98.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · 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 12.0%/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 6.5%/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 97392, 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 rates in the Salem area are generally higher than the national average, with property crime being the most frequently reported offense. Local law enforcement continues to focus on community-based policing strategies to address these trends.
Schools serving the area are part of the Salem-Keizer Public Schools district, which offers a diverse range of academic and extracurricular programs. Performance ratings vary by individual school, with many institutions focusing on improving student outcomes through targeted support.
The region faces moderate risks related to wildfire smoke during summer months and potential flooding in low-lying areas near the Willamette River. Property owners are encouraged to maintain adequate insurance coverage for these specific environmental hazards.
Salem serves as a major employment hub for state government, healthcare, and food processing industries. Infrastructure development is ongoing, with efforts to improve transit connectivity and support sustainable urban growth.
Property taxes in Oregon are governed by constitutional limits on assessed value growth, specifically Measures 5 and 50. Tax rates are determined by local taxing districts, including schools, cities, and counties, based on the assessed value of the property.
Residents typically rely on personal vehicles for commuting, with access to Interstate 5 providing a primary corridor to Portland and other regional employment centers. Public transit options are available through the local bus system, though coverage is most robust within the city core.
The area features numerous parks, walking trails, and proximity to the Willamette River for outdoor activities. Shopping and dining options are concentrated in established commercial districts, providing convenient access to daily necessities.
The rental market remains competitive with steady demand driven by the area's role as a regional employment center. Vacancy rates are generally low, and rent growth has stabilized following periods of significant appreciation.
The economy is anchored by state government operations, healthcare systems, and a robust agricultural and food processing sector. These industries provide a stable employment base for the region.
The area is served by a network of state highways and is positioned along the I-5 corridor, facilitating regional travel. Local transit is managed by the Cherriots bus system.
Development focus is currently on infill projects and expanding housing inventory to meet regional demand. Several mixed-use developments are in the planning stages to enhance urban walkability.
The Marion County Assessor's office manages property valuations in accordance with state law, focusing on maintaining equitable assessments across all property types.
Parcels are subject to various special districts, including school districts, fire protection districts, and water/sewer service providers.
Property insurance premiums are influenced by regional wildfire risk and flood zone designations. Market health is stable, though carriers are increasingly sensitive to climate-related hazards.
Data retrieved from data.census.gov using ZCTA-level tables.
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 Forest4.73.5 mi
- Get Air Trampoline Park4.37.9 mi
- Chuck E. Cheese4.111.5 mi
- River Road City Park Splash Pad4.412.3 mi
- Oregon Axe4.910.8 mi
- Oregon State Fair & Exposition Center4.311.3 mi
- The Oregon Garden4.515.5 mi
- The Kroc Center - Salem, OR3.712.4 mi
- Salem Convention Center4.610.5 mi
- Linn County Expo Center4.512.2 mi
- Oregon State Capitol4.410.2 mi
- Willamette Valley Vineyards4.83.5 mi
- Riverfront City Park4.710.7 mi
- Regal Willamette Town Center4.49.9 mi
- Minto-Brown Island Park4.710.4 mi
- Gilbert House Children's Museum4.610.8 mi
- Bush's Pasture Park4.79.8 mi
- Willamette Heritage Center4.79.9 mi
- Historic Carousel & Museum4.813.9 mi
- Powerland Heritage Park4.817.2 mi
- Riverfront City Park4.710.7 mi
- Minto-Brown Island Park4.710.4 mi
- Bush's Pasture Park4.79.8 mi
- Santiam River Southbound Rest Area4.26.6 mi
- Wallace Marine Park Softball4.311.4 mi
- Creekside Golf Club4.76.3 mi
- Illahe Hills Country Club4.610.7 mi
- Albany Golf & Event Center / Spring Hill Golf Club4.312.4 mi
- Santiam Golf Club Inc4.46.5 mi
- Meadowlawn4.18.4 mi
- WinCo Foods4.37.8 mi
- Fred Meyer4.110.2 mi
- Fred Meyer4.28.4 mi
- Salem Center4.110.6 mi
- WinCo Foods4.47.2 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 opportunities including boating, fishing, and riverside parks.
Major retail and dining hub serving the greater Salem area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.