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ZIP Code · OR

ZIP 97301

Part of Salem, OR
Pop. 57,574·Marion County·110th most expensive ZIP in Oregon
Median rent (all units)
$1,450/mo
Year-over-Year
-4.8%
Month-over-Month
-1.3%
vs US Median
-$515
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 97301 · $1,450
More affordable than 77% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,130
1 BR
$1,150
2 BR
$1,490
3 BR
$2,060
4 BR+
$2,230
Research median
$1,490/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$17,400/yr
At $1,450/mo median
Location
CitySalem
StateOR
CountyMarion County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 4.8% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-4.8% YoY, -1.3% MoM), not inventory.
Demographics

Who lives here

ZIP 97301 (Salem, OR) is majority renter-occupied, has a median income below the national average, 16.4% of residents hold a bachelor's degree or higher.

Population
57,574
Median income
$60,422
Median age
33.6
Renters
57.2%
Age distribution
22.9%
29.6%
24.8%
13.4%
Under 1822.9%
18–3429.6%
35–5424.8%
55–649.3%
65+13.4%
Gender
52.8%
47.2%
Male52.8%
Female47.2%
Race & ethnicity
59%
38.8%
White59%
Black1.9%
Hispanic38.8%
Asian1.9%
Education (25+)
19.8%
27.8%
36%
16.4%
No HS diploma19.8%
HS diploma27.8%
Some college36%
Bachelor's+16.4%
Housing tenure
42.8%
57.2%
Owner42.8%
Renter57.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 97301 in Salem, OR has changed in 5 years

Income
$48,149 → $60,422
up 25.5%
Population
56,636 → 57,574
up 1.7%
Renter share
56.7% → 57.2%
+0.5 pts
Bachelor's+
17% → 16.4%
-0.6 pts
Median age
33.1 → 33.6
+0.5 yrs

Median household income rose from $48,149 to $60,422 between 2021 and 2024, a 25.5% shift. The population has grown by 1.7% since 2021, moving from about 56,636 residents to roughly 57,574.

Community

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Local insights

Tips for renters in ZIP 97301

About renting in ZIP 97301

Last updated: July 20, 2026

ZIP code 97301 covers Salem, OR. The median rent here is $1,450/mo as of July 2026. A 1-bedroom rents for a median of $1,150/mo. A 2-bedroom rents for a median of $1,490/mo.

At 29% of local median household income ($60,422/yr), ZIP 97301 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 4.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97301?

As of July 20, 2026, the median monthly rent in ZIP 97301 (Salem, OR) is $1,450. This is based on aggregated data from public sources and community submissions.

How does ZIP 97301 rent compare to the US average?

ZIP 97301's median rent of $1,450/mo is $515 (26%) below the US national median of $1,965/mo.

How does ZIP 97301 compare to other ZIPs in Oregon?

ZIP 97301 is among the more affordable ZIP codes in Oregon, ranking #110 out of 116 ZIPs at $1,450/mo.

How much income do you need to rent in ZIP 97301?

To keep rent at or below 30% of gross income, you would need to earn at least $58,000/year (~$28/hour full-time) to afford the median rent of $1,450/mo in ZIP 97301. The local median household income is $60,422/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97301?

Rent in ZIP 97301 has decreased 4.8% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 97301 an affordable place to rent?

ZIP 97301 is considered affordable for renters. At $1,450/mo, rent takes approximately 29% of the local median household income ($60,422/yr). The standard benchmark is 30%. ZIP 97301 falls comfortably within that range.

What percentage of ZIP 97301 residents rent vs. own?

According to Census data, approximately 57.2% of ZIP 97301 households are renters, while 42.8% are owner-occupied. With a majority renter population, ZIP 97301 has a strong rental market.

How does ZIP 97301 compare to the rest of Salem?

ZIP 97301 is more affordable than Salem overall. At $1,450/mo, it's $135 below the Salem citywide median of $1,585/mo.

When was rent data for ZIP 97301 last updated?

Rent data for ZIP 97301 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
29%
AFFORDABLE

At $1,450/mo, rent takes ~29% of ZIP 97301's median household income ($60,422/yr). The standard benchmark is 30%.

ZIP 97301 29%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

Public schools near ZIP 97301 (Salem, OR)

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