Median home value in zip code 97304 (Salem, OR) is $494,574, up 0.3% year over year. Part of the Salem, OR metropolitan area.

Home Value$494,574

YoY Change

+0.3%

Prices rising — worse for buyers.

Affordability

Enter your income for 97304 (Salem).

Income (annual)

Down Payment

$98,915 on $494,574

Example: $75,000 household income. Change it above to see your own.

Out of reach48% of income

Need $128,614/yr to afford.

PITI$3,001

P/I48%

Afford$288K

Gap-$206K

P&I $2,501Tax $400Ins $100

6.50% 30yr, 20% down, county tax + OR ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

97304 is part of the Salem, OR metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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